This is well below cash value. Very strong position to be in. When the storm is over anything is possible. Very few will have cash like we do. We can even go into toilet rolls. Hold and buy while sub cash.
MCAP about 3m under cash. Many oilies about to go bust, but this is gas and we must have £13m cash. The harder they fall, the bigger the bounce. Panic and fear driving all shares down.
The report will be in standard sections. Some filled in by MKA, such as group structure, and others by specialists. A skeleton report will already be available and requests for info and gaps will be well advanced. Most of the work can be done anywhere and as no further drilling is required a timely publication can be expected. Watch this space and weather the storm. Cash is critical and we have lots. Many explorers will go under if they cannot raise. We should be well placed.
RE: Oil has just crashed. Mcap around cash level. Plan B may be needed8 Mar 2020 23:34
I would say they sit it out and buy some producing assets. There will be a lot of quality bargains out there. They will need to cut their salaries though as it may be a bit of a wait.