RE: RNS WITHIN Next 2 Week!26 Oct 2023 19:28
Really WOS and the rest all your posts are rockets and predictions and multi bag rubbish, your research is dismal. The rest
is ramping of the worst kind.
So lets dig into the numbers, shall we.
At 30/6/23 your cash position was 800K, revolving deposits 7,575K (3 months or longer). The companies running expense per 6 months is 900K, so by the end of year your cash has gone. By the time you get everything signed off
it will probably be another year, so reduce your deposits to 7,575k - 1,900k leaving 5,675k $ to spend end of 2024.
Other expenses SunSteppe Power LLC will probably ask for further funding, amount?
Your property and plant valued at 286K $ for such a big operation you in visage those numbers are light
to say the least, so further cost can be added to reduce cash deposits.
Then you have further costs of workover, plant and further infrastructure to be put in place, legal fees and the rest.
If you get the oil out the ground it needs to be trucked and the tankers hired or bought and oil stored and the rest.
You have no handle of those costs or even the price per barrel you may get and the net return to MATD.
I assume from past podcasts there are further wells to be drilled if they can find further hydro-cardons that these
were to be funded from last capital raise as indicated. Not that the company has been successful in previous drills.
So my point of 10M $ would probably need to be found on top what you have now and yes i do research not that i have seen any financials here or discussed, only rockets and multi-bags, jesus. Any rises due to news will be sold out as investors switch to safer investments and fixed income. At the moment you have only oil in the ground with small cash to workwith and WOS's rockets and merry xmas.
Your