Speculator, post the last quarterly, they cashed in an equity position this month boosting their cash position by $2.1m. See the ann below.
http://www.transerv.com.au/wp-content/uploads/2016/03/2016-03-03-Share-Sale.pdf
Dec 5B forcasts $385k for the Mar quarter.
http://www.transerv.com.au/wp-content/uploads/2016/02/Appendix-5B-December-2015-Final.pdf
ALCOA's carry until August should cover the clean-up of W4.
BTW, any thoughts on whether they could re-enter W4, W5 or W6 and wedge a horizontal well?This would drastically reduce costs.
Ann: Warro-5 & 6 Testing Continues and Warro-4 to be Re-tested, page-22
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