Couple comments here James:
"Back of the hand calculations by me suggest that as it currently stands YTD, 100% of CE1's OCF will be spent just to maintain current production rates"
Q3 numbers as reported:
Revenue $25m
OPEX $15.2m
Earnings $9.6m
CAPEX $11.1m - to grow (not just maintain production).
So operations would be profitable to maintain production - particularly given cost of Pisces 8&9.
Q1 WCS was lower than Q2 also.
How did you deal with the huge hedging loss in your charts ?
In terms of comments about yesterday's Webinar, Glenn suggested investors can reach out to discuss. I'd suggest you do this and periodically and you (and perhaps others) will have a lot less to 'guess' about.
Couple comments here James:"Back of the hand calculations by me...
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $5.701M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $120.4K | 13.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 4959827 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 2350353 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CE1 (ASX) Chart |