So we had around 2M left in the bank after last quarter due to what seems to be advanced payments for the drilling. The expected outflow for this quarter is supposed to be around Half a million. We should have around that 1.4-.1.5 million left which is decent position to be in considering the back-log of results due at any day now. As long as these results are positive we should be sitting at around 20-30m market cap depending on the hits of the results. Goes without saying that bad results will see this fall further.
0 volume traded today while our neighbour AVZ has been hammered suggests one thing, the bottom is in. Cmon management, bring us those results.
4CE Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
