Surandy70,
A few $M in the bank for an oil gas exploration company is simply not enough regardless of work commitments. Delays, weak markets or dry wells would put the company in a seriously weaker position to raise cash after any of these events.
I made the same comments on NWE and many other stocks.
This is pretty basic stuff....
KEY management need to maintain leverage to the Canning basin to really build a new company.
Surandy70,A few $M in the bank for an oil gas exploration...
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