Very little is said on this thread, mainly because for most this stock has either been jettisoned or alternatively has become your dirty little bottom drawer secret you don't want to own up to!
What I have noticed today is that based or previous outgoings, if the forward spend matches last quarter then we have only 2 quarters of cash left.
Given the agreement to defer the Tullow decision to drill / not drill to March 2016, it looks like we pretty much will face the prospect of:
1. Tullow agree: Party poppers, but still no cash
2. Tullow walk away: Bye Bye
Is there another alternative? Would our leases carry any value? If sold, what could the company do?
Just something to ponder...
Burning the candle right to the end
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Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $178.8M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.1¢ | $54.97K | 2.548M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 6082131 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 938770 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PCL (ASX) Chart |