WA Govt Gas Policy Report Today, page-119

60 million last quarter and with the same burn rate as previous quarters your less than 20 million in the bank. Raise coming shortly because if they don’t raise and think they can play around with water then the company is in big trouble and you will see less than 10 cents very quickly. Like I said there is a swing trade in this but fair value right now taking into consideration WE worth around 350 million dollars and SE right now is worthless but give it 100 million dollars, gives you a 450 million dollar valuation

That puts you around 14 cents a stock plus you need to raise 100 million dollars so will be diluted.