GAS 2.17% 4.5¢ state gas limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3

  1. 301 Posts.
    lightbulb Created with Sketch. 175
    This report still does not provide enough information.
    CNG Project was to take 6 weeks with first gas immediately thereafter (18 July 2023 presentation).

    This quarterly includes as a highlight that preparatory work is now complete allowing company to be ready to immediately commence construction.
    However when you keep reading it will not commence until funding arrangements are complete. How much funding is required and what is forecast timeline?

    Also need funding for additional wells adjacent to Rougemont 2/3.

    Looks like existing shareholders will be further diluted by another capital raise. Management need to earn their keep by keeping the dilution to a minimum but do not like our chances.
 
watchlist Created with Sketch. Add GAS (ASX) to my watchlist
(20min delay)
Last
4.5¢
Change
-0.001(2.17%)
Mkt cap ! $17.06M
Open High Low Value Volume
4.6¢ 4.7¢ 4.5¢ $1.042K 22.85K

Buyers (Bids)

No. Vol. Price($)
3 296376 4.5¢
 

Sellers (Offers)

Price($) Vol. No.
4.7¢ 50813 2
View Market Depth
Last trade - 15.51pm 20/09/2024 (20 minute delay) ?
GAS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.