Most importantly, the way money is coming in the door it is highly likely they will be able to fund their own drilling and get multiple more wells operational by 2026. Certainly not a stock for the impatient, but gees, can you imagine the cash inflows form say 4 or 5 concessions producing per quarter. Could easily see a $7 - 8m Aus free cash flow per quarter.. last few qtrs have been ~1.8m CF+ on 1 concession and gas price been way higher recently.
Kevin has always been clear from my dealings that he wants to return money to shareholder. If not bought out then if you paid out say 90% of free cash flow then with 1.2BN shares on issue, we could be looking at 2.5c per year divvie.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-24
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Mkt cap ! $46.35M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 192570 | 3.9¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 177547 | 1 |
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