Triple,
I agree long term but what are you suggesting the existing production is worth in revenue stream and how long will they produce for? 5 million, 10 million, 20 million, 30 million or ??? Our last financials detailed 28 million cash in bank and we are generating in the region of A$130,000 per day so if the wells produce for say two years we will be in excess of 50 million +++ easily... and if we reduce or limit capital expenditure this will increase our bank account far more quickly. Our market cap is floundering at A$55 million at the moment.. How much cash in bank will our December financials detail?
I wasn’t suggesting for one minute we stop altogether but reconsider our position in this changing environment and taking into account the current market reaction, something isn’t quite working....or is Mr Market wrong?
Appreciate the dialogue.
Good Luck All
Triple,I agree long term but what are you suggesting the...
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