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They have only budgeted 7 million for exploration in 2018. Think...

  1. robert23
    255 Posts.
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    28/10/17
    00:11
    Post #: 28272423
    They have only budgeted 7 million for exploration in 2018. Think they need to focus on generating positive cash flow. They do have a loan facility of 232 million remaining which could be used to purchase a bargain priced and producing cash flow positive asset. Think the exploration days are over for a while. They only have 13 million cash on hand + the loan facility mentioned above. Rob.
    AWE Price at posting: 52.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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