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2.27% 4.3¢ strategic elements limited

$1.9m at the end of September 2019Less $0.6m forecast cash...

  1. Surandy70
    11,010 Posts.
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    06/12/19
    22:23
    Post #: 41844494
    $1.9m at the end of September 2019

    Less $0.6m forecast cash expenditure for December quarter

    Plus $2.3m capital raising

    So that gives them about $3.6m at the end of this month less the costs of the raising plus any revenue (if any) received in the December quarter.

    With drilling underway at Behemoth they will get $120k in EIS funding in the March quarter and the remaining $30k most likely in the June quarter.
    SOR Price at posting: 8.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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