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I don't think there will be another CR, the current cash...

  1. The Mechanic
    2,173 Posts.
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    31/01/23
    12:40
    Post #: 65974464
    I don't think there will be another CR, the current cash reserves are IMO plenty to meet costs until the Vali wells come on stream which should generate a cash flow of about $500,000-$750,000/month and it double once ODI comes on production with the high Gas Spot prices.
    Enough to meet all future production and exploration costs.
    My cash flow figures are based on the recent Broker's report by Blue Ocean Equities.
    MEL Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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