As I've posted previously, the most recent burn rate has them running out of cash before the end of the calendar year.
Presumably the main spend is the piolet wells, which have been ongoing for around 16 months now. Originally there were weekly updates, then after the flow rates fell off a cliff we have been left with dags of information in the quarterlies. Continuous Disclosure !!!!
Anyway, 0.8c now. $0 is getting ever closer. John's have probably already got their retirement plans sorted anyway.
Ann: MD Presentation to MST Financial 2024 Oil & Gas Forum, page-19
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