RE: Debt free and profitable???30 Nov 2021 13:40
SENX is debt free, we've had this debt vs liabilities argument a few times before, debt is normally a loan which has to be paid back, liabilities are normally expenditures in the future such as decommissioning wells, etc.
Although I'm hacked off with the sp drop in the short term, the fact that the revenue for the nine months ending 30 September 2021 was $25.7M (an increase of $7.5M in a year) and the cash balance is $6.4M means it's a great opportunity to multibag from this level long term.
Best to just switch off for six months and watch the income roll in with the high gas price plus production could double in 2022.