Thanks for the advice your definitely on the ball how quickly they are tearing through the cash Flow
31 March 25 Cash On Hand $7.5m Cash Calls from JV $18.4m 31 Dec 24 Cash on Hand $9.6m Cash Calls from JV $19.4m 30 Sept 24 Cash on Hand $9.6m Cash Calls from JV $21.5m 31 Jul 24 Cash on Hand $12.2m Cash Calls from JV $27.4m
At this rate they will run out of money in 15 months time, excluding management fee and any oil revenue.
MAY Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
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