Yes and add that to current cash equals $8m
Less $2.9m cash outflows this quarter (includes repayment of convertible note)
Which equals $5.1m at end September - not enough in my view.
Closer to $10m would be better - either towards PCL's share of appraisal/further drilling in PEL37 on success (likely to sell down to 10%) or towards progressing PEL87, other assets & working capital etc...
I would be stunned if they did not raise in the next few weeks - this is the time to do it!
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Exxon in for more, page-5
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1.9¢ |
Change
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Mkt cap ! $154.5M | |||
| Open | High | Low | Value | Volume |
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|---|---|---|
| 16 | 4579697 | 1.9¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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