EKA had $6.8m at 31 Dec 10, no cash receipts in Dec qtr and $2.5m planned outflows for the March quarter meaning they will be down to $4.3m.~ at 31 March 11.
Getting a little tight with many more wells to drill so wondered what the consensus is on whether they will raise capital shortly.
I picked up a few on the basis of the positive Excellence in Oil & gas presentation but want to keep some cash if a raising is possible in next 6-12 months.
Appreciate any views.
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