I think the cash burn will be significantly less than the previous quarter. I can't imagine there would be much outflow if all directors are opting for shares there hasn't been much development work for either the Venus or Windorah projects last quarter.
"During the Quarter, cash outflows for the development of the Windorah Gas Project and the Project Venus opportunity were $463,000. The company has significantly reduced its administration and corporate costs which will be apparent in future quarters. The directors have agreed to take some or all their remuneration in shares"
RLE Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
