Just to add to the previous solid comments on this thread, the funding issue for Buru is again live and well,
From the notes in the Quarterly, cash at March 31 is $18.8 million BUT"the Company has over $5 million in current payables as at 31 March 2022 associated with the 2021 drilling and seismic campaign, as well as the Rafael flow test with those cash outflows to continue into the June quarter. "
Add-in costs to be incurred for Rafael well test completion, Battmin drills and possibly a vertical well at Ungani and 2022 funding becomes a bit of a concern, let alone funding their share of a mooted 2023 program.
BRU Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
