By my calculations they need approximately 7 million aud net to drill well #2 and get #1 and #2 to production. In that time they will also need to repay $2m to MEL and pay for admin and other. That small cap raising is potentially $10-11m. Really interesting times.
Ann: Quarterly Activities Report and Cashflow Report June 2017, page-5
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $57.17M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.1¢ | $95.13K | 1.765M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 600000 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 164080 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BYE (ASX) Chart |