I disagree. They completed a very detailed seismic program, made a one off debt repayment, and got hit with the move in AUDUSD. Not sure how that's burning cash. I consider these one offs and if looking at the quarterly burn without them it's very minimal. they have ample cash for upcoming drilling ? options expiring in Sept that if exercised bring another $11m Aud on the books. incredibly comfortable with this stock at the moment ... management are delivering on the clear strategy they've laid out.
EEG Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
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