THR
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2.94% 1.8¢ thor energy plc

announcement can be released thursday, page-76

  1. mjp2
    10,653 Posts.
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    26/04/12
    14:34
    Post #: 10035693
    Whether it goes up or down in the short term depends on whether they do another cap raise to get any placement mates in ahead of the DFS


    recent $1.5m-1.8m cash burn/qtr
    $370k cash @ 31dec012
    23/1/2012 4m op conv @A$0.02625 = A$100k
    Plus GBP70,000 from director exercise ~A$108k
    2/2/2012 57m 1p issue for ~A$840k
    And projected 1Q outflow $640k(31dec2011 Qtly estimate)
    => 100+108+840+370-640=~A$778k at 31mar2012

    THR Price at posting: 3.4¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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