358 x US$53 is around A$2.5m for the December quarter plus we still have more upside with 2 wells on pump, a new well and a work over...so more then likely higher then $2.5m coming through the door.
Outlay for the quarter is also only $1m so does not look like they will do a capital raising at the moment and will rely on cash flow to continually drill.
Crazy to think it was sold off to here! lots of upside and solid on going cash flow.
Ann: Quarterly Activities and Cashflow reports- 30 September 2019, page-17
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Mkt cap ! $3.745M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 7785353 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 7365550 | 2 |
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