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0.00% 4.4¢ strategic elements limited

It has me stumped. $6.3m cash at bank as at 31/3/2024, low...

  1. Surandy70
    11,120 Posts.
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    03/07/24
    21:52
    Post #: 74596112
    It has me stumped. $6.3m cash at bank as at 31/3/2024, low historical cash burn. ARC deal costing SOR $800k in cash over 4 years, drilling of Cyclops and Leviathan would be under $1m. Ie, not a lot of high cash burn possibilities with their announced projects.

    Perhaps the recent hints about Cognition Engines is a clue and they are looking to purchase something for that venture to progress.
    SOR Price at posting: 4.3¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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