OK I will bite
Current Assets $2,173,000
Current Liabilities $4,370,000
Mmmmm they need to come up with $2,197,000 in the next 12 months.
Assume they intend on doing it from sales of oppies then they need to sell $2,197,000 / 0.20 = 10,985,000
That leaves at maximum take up 18,015,000 oppies with a value of $3,603,000 to spend on drilling and pipelines etc.
Am I missing something?
OK I will biteCurrent Assets $2,173,000Current Liabilities...
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