Just to clarify you said "with this 80% revenue increase reported in the quarterly". This is cash receipts, not revenue. That is, the amount of cash received during the quarter. Can be quite a different comparison to actual sales. However still a good sign as it could mean that their stock pile is decreasing as apposed to the global situation (or just timing of payments more likely). And obviously means more $$$ in the kitty!
The key statement in regards to revenue is this...
"Revenue from gas sales increased 31%, from the prior quarter to A$773,690 whilst oil remained consistent with the prior quarter at A$413,908"
As for the sluggish behaviour in the SP today my guess is that its a combination of recent profit takers and panic sellers on open this morning due to the lack of performance from their NYSE listing held down by the global markets.
I too am looking forward to this breaking into the 2's next week.
Cheers,
Arkie
SSN Price at posting:
1.6¢ Sentiment: None Disclosure: Held
