Just a few quick comments on your post.where we might sit as at...

Just a few quick comments on your post.

where we might sit as at 30/9/24.

You have looked at three quarters revenue and come up with $52 million as at 30/9/24 using production rate of 24TJ/D.

24TJ/D = 24,000GJ/D
24,000GJ/D X 90 days X 3 X $7.6/GJ = $50 million. OK but I think, at least, there will be about $15 million of associated costs.

And I project our cash would sit around $52M as at 30/9/24,

I am not going to foreshadow problems, but I bet you may be closer to the mark.

(1 X 20 + 8 X 33)/9 TJ/D = 31.5 TJ/D = 31,500GJ/D
31,500GJ/D X 90 days X 3 X $7.6/GJ = $64.5 million.

I have been a bit more generous.

Currently STX owes $25,580,000 to the facility.

Using your figure of revenue of $52 million as at 30/9/24.

i.e. $18 million per quarter

There will be quite a chunk taken out associated production costs.

How much I have no idea, but it was pretty savage on the previous $9.8 million gas sales. I am going to take a punt at $5,000,000.

Therefore, total gas sales revenue is $13,000,000 per quarter.

It will be even less if they attempt to pay back into the facility.

If Item 8.3 continues at about $26 million, per quarter,

March quarter cash will be $53.750,000.
June quarter cash will be $40,750,000.
Sept quarter cash will be $$27,750,000.

CR????? They have to keep a tight control on expenditure. It will be in strife by end of year.

Keep an eye on the cash flow and cash in bank; 5B will be a revelation.

MIO, please correct me as necessary. I want to avoid that TAFE finance course.

What do you reckon?