From where I sit this year's drilling doesn't look like it's going to produce results required to qualify for the next tranche of Taurus funding... even Dave has only used the word 'substantial' to describe the resource increase he anticipates by year's end, that doesn't sound positive language coming from Dave and the market is extremly negative on AW1.
As Jerry Maguire said "Show me the money!" and right now that's the only game in town, not the distraction of the DSO, not the distraction of prepayments nor next year's exploration program.
Got any comments on their likely cash position and what confronts them if they are running on fumes?
AW1 Price at posting:
7.4¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)