The company is fully funded through to second half next year as per recent company report (see below). The imminent option conversion proceeds will give us significant optionality in the meantime to prepare for a contingent resource declaration and identification of new sub prospective basins in the 30,000 sq km PSC.
It seems this reassuring company funding status was confirmed to us today (indirectly) for those who have been paying attention. I don’t believe in coincidences.
From the K1 Capital report -
https://6ed76f85-6647-4538-b506-c16e852c1409.filesusr.com/ugd/96a7fe_998cef9bb85c465a962d89cd4368c4bf.pdf
exr gen, page-122
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $124.7M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $28.84K | 252.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 1185123 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 195683 | 5 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| EXR (ASX) Chart |