that wasn’t operating cashflow . The annual report for 2022 shows $231887 operating cashflow which then got chewed up fast. They only stayed afloat based on the 3.6mil cap raise. The 780k in the last quarter ain’t long lead time items it’s what the SA govt requires from you to clean up the mess at the end when the wells are dry - so it’s a backward looking cost not a forward looking investment. Not sure how they are paying for Bunian 6 as everything else in Indo is watering out and they only have so much water handling infrastructure. Then they still need to pay their next bond payment. It’s becoming a great one to watch to see what they do next.
BAS Price at posting:
5.9¢ Sentiment: None Disclosure: Not Held
