So, right bang in the middle of the alleged 'wet season'.
From the Cash Q:
'If item 8.7 is less than 2 quarters, please provide answers to the following questions:
8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?
Answer: Due to seasonal weather in North Queensland (being the wet season and summer) expected from December 2023 to April 2024 field exploration and drilling will be reduced.'
Obviously, the years are wrong. The author simply copied last year's report. SLOPPY!!
But, seriously? The Department asked the company to delay the drilling so that it would happen when there is likely to be a disruption because of wet weather - and the company agreed? Something does not add up here!!
SPQ Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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