AMU 0.00% 21.0¢ amadeus energy limited

Well, revenue well down on my estimates of 11-12million but...

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  1. 8,598 Posts.
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    Well, revenue well down on my estimates of 11-12million but still 30% up on last qtr. Debt reduced by 5.75million over the qtr. Now we can see where the raised funds went. A total of 13.78 mil on the TNT deal + we can assume the 5.75 paid down on the debt, but with 2.5 on expendentures and 5.6million still in the bank can we say some of the debt paid down from cash flow and will this continue? Only .7million spent on exploration as compared to 4.1million for same time last year. Is debt still the problem here or no clear sign as to where their going to get their big bang from to please the market?
 
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Currently unlisted public company.

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