MAY 11.5% 2.3¢ melbana energy limited

Interesting quarterly - looks like the cash burn is very slow...

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    Interesting quarterly - looks like the cash burn is very slow and plenty of cash on hand.

    Last Quarterly

    Cash $35.124 Million
    Joint Venture cash call (outstanding) $12.389 Million
    Total available cash $47.513 Million

    This Quarterly

    Cash $31.224 Million
    Joint Venture cash call (outstanding) $16.158 Million
    Total available cash $47.382 Million

    So total reduction in one quarter is only $122,000.
 
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