my calcs unfortunately have us burning through another $1.2 million cash in December quarter (including interest repayments), before coming close to breakeven in March quarter.
I’ve assumed that they get Vali 2 up for 20 days this quarter and 80 from then on, but have assumed no positive contribution from Vali 3
i think we will be doing well to get 410-430 MMscf in December quarter even with 20 days from Vali 2
as for share price though who knows… probably a small rally the next two weeks due to Middle East and a likely bottoming out of general sentiment
without meaning to upset anyone, I think March is the time to be looking for this to finally head back to 7-8 cents
not advice and very happy for counter views
(20min delay)