Reciepts for the quarter were $4.8m vs revenue of $7.3m. The difference is because it takes a mont or so to recieve the cheques from the oil purchasing company, whihc is normal. ie June's revenue wont hit the accounts until the next quarter. At current oil prices, SAE will book about $10m reve next quarter, ie we will start seeing a dramatic increase in cash flows from now on. This will finally turn the stock, together with the kick off of Paris Valley.
SAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
