"CASH IS KING"
Didn't help NSE's sp. Severely belted recently without proven resources or a drilling rig but heaps of cash. Trading below cash backing.
Didn't help BRU's sp either. With enormous resource potential and a hell lot more derisked their sp halved from it's high last year. Plenty of cash in the kitty too.
Looks more like lack of activity is the real killer, cash ain't helping. But of course having it is an absolute advantage.
cottee!! listen here mate !!, page-127
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