Lumpster: -gives plenty funds for "Cuba"
Not so. MAY have undertaken not to use any receipts from Beehive on Cuba. (see sale completion announcement)
But it does/would give funds for corporate expenditure and new projects and probably the most obvious, insofar as the $7.5 m already received, funding for advancing the prospects of MAY's two 100% owned blocks adjacent to the Beehive block. IMO Cheers!
More generally, MAY's 15% cost for the 2 Cuban wells was fully funded but that was before the delay. So we will have to wait for information about cost overrun and whether extra funds need to be found. Then there is the new third well to assess the unexpected find in the upper sheet. That funding will cost MAY its full 30% interest. But I am sure the Board will have a plan already in mind (CR ?) We'll just have to wait and see. Cheers!
Lumpster: -gives plenty funds for "Cuba" Not so. MAY have...
-
- There are more pages in this discussion • 228 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MAY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.1¢ |
Change
-0.002(4.65%) |
Mkt cap ! $138.1M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.3¢ | 4.1¢ | $184.4K | 4.395M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 946604 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 250000 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| MAY (ASX) Chart |