The cash burn is probably not as high as you say. Firstly there is some income now to offset the amount in the past. With the cost of the current drilling prepaid and no new wells to be funded until after a review there are no great operating costs. I assume end of year audits have been paid for. There will be the cost of a meeting to approve the issue but that will not be great.
The future relies on the production of the current wells with Weston the gamble. At 4c the odds are great. It is a spec for sure but that is where the great odds come from. Invest in bank deposits for a safe investment but the returns after tax and inflation are almost zero. Take some risk and you could make 1000%
The SP offers great odds.
EKA Price at posting:
4.3¢ Sentiment: Hold Disclosure: Held