MOG
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0.00% 0.5¢ moby oil & gas ltd

Sorry, your cash figures are wrong.Have a look at the Annual rpt...

  1. ronstieb
    8,976 Posts.
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    12/12/10
    14:24
    Post #: 7600766
    Sorry, your cash figures are wrong.
    Have a look at the Annual rpt dated 14-10-2010
    After paying out cost overruns for Braveheart/Cornea, the balance ""after"" receiving "total" funds from MEO is $4.7mil

    Now look at estimated exploration/admin expenditure for Dec qtr in the Sept cashflow statement. $1.1mil total.

    Therefore estimated current cash end of Dec qtr is
    $4.7mil - $1.1mil = $3.6mil
    or 1.25cps cash backing
    MOG Price at posting: 20.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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