hey dickey, I agree that PVE needs to reduce its debt levels. THey have 2.4 mil in the bank, might make another 900K this quarter (going on previous figures and with luck) with 1.8 mil outgoing, leaving 1.5 mil at the end of next quarter. Perhaps Mr Roberto has been brought on board to assist with some farmouts, this needs to occur fairly quickly with some cash injections to help pay down debt. they dont appear to be in a dire position however, they do need a bit of extra cash to keep the ball rolling. Its either a farm out or a cap raising, personally a farmout helps de-risk PVE.
cheers
hey dickey, I agree that PVE needs to reduce its debt levels....
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Last
3.2¢ |
Change
-0.003(8.57%) |
Mkt cap ! $37.08M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.3¢ | 3.2¢ | $22.62K | 694.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 125000 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 118000 | 2 |
View Market Depth
| Last trade - 15.58pm 17/09/2024 (20 minute delay) ? |
| PVE (ASX) Chart |