Reading more it probably isn't as bad as I was alluding to. Previous quarter average was 3.56, meaning that it probably exited the quarter in the low 3's. That probably means we are looking at low to mid 2's for current production.
Using an $8 price, the quarterly production should see our share of revenue at circa $520k. It is appearing that we receipt a month after production, so quarterly revenue will likely be June to August and closer to $550k. On paper I think a full quarter of Odin, and the inclusion of some production from V2 to offset the V1 decline, should see at least a cash neutral position.
MEL Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)