in Feb BUR put out an ann saying it had $1mil in the bank.
it just spent $280k on a well
it burns $500K every quarter
potentially thats $200K left in April.
it needs $800K to drill next well!
its trying to raise $1.3mil with another dilution of shares. - so clearly NEEDS money.
what happens if
A) no one buys these shares?
B) the next well does not deliver?
we have then done our dosh..
what am i not seeing guys??
in Feb BUR put out an ann saying it had $1mil in the bank.it...
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.54M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 13.0¢ | $2.799K | 21.53K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 63241 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 6289 | 1 |
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| Last trade - 11.49am 19/07/2024 (20 minute delay) ? |
| BUR (ASX) Chart |