Yes, they need additional funds for SM71 dev around mid year, according to the Dec QR.
Also note the $8m from MEL was fully drawn in Jan so they're paying 14%/pa interest on that.
The first stage of SM71 dev is a fairly modest reserves and forecast production. Might be a stretch to farmout further until additional reserves are proved up from stepout wells.
But they need the cash topup before then. Tricky.
Yes, they need additional funds for SM71 dev around mid year,...
Add BYE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.6¢ |
Change
-0.001(2.13%) |
Mkt cap ! $49.62M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.7¢ | 4.6¢ | $12.08K | 265.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1479754 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.6¢ | 192766 | 1 |
View Market Depth
| Last trade - 15.57pm 28/05/2024 (20 minute delay) ? |
|
|||||
|
Last
4.6¢ |
Change
-0.001 ( 2.13 %) |
||||
| Open | High | Low | Volume | ||
| 4.6¢ | 4.6¢ | 4.5¢ | 105441 | ||
| Last updated 15.21pm 28/05/2024 ? | |||||
| BYE (ASX) Chart |