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35.5¢ warrego energy limited

Validating ~30M Market Cap?, page-2

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Vanzant

2,797 Posts.

20/06/17

15:00

Post #: 25382838
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Originally posted by RussianRoolet ↑

Can anyone show me how a Market Cap of ~30M makes sense?

As far as I can see ~10% max is cash and the rest is baked in success when the only announcement has been that the drilling is certainly not going as planned and there is highly likely to be significant cost overuns so another CR would be required sooner rather than later.

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MC meaningless
Its a gamble on black.

PRL Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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