hi all,
from e recent cashflow and loan facility
cash at end of qtr - $132,000
est cash outflow - 30,000 (for exploration)
- 240,000 (for admin)
- 10,000 (for production
cash frm loan facility - $200,000
so total cash for WGP = 332,000
after this qtr, WGP should b left w $52,000
from e newest qtrly and cashflow, seems like very little is going to happen this qtr on e exploration front for WGP. they are only planning for seismics on DR11 n perth basin.
with so little happening this qtr besides the possibility of a CR soon, is the sp going to drop further?
what happens if they end up with no money? this is a big uncertainty and risk and i would hope to hear from you guys more on this lack of $ before i commit put in a buy order.
furthermore jus wondering if any sort of positive news and pump would kind of be followed up with the news of CR??
imo the lack of funding is draggin this coy down a fair way now.
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