RE: This is going to be a terrific week here12 Sep 2022 17:29
Any fag packet ideas what our monthly cash burn is, and is current production covering costs?
There’s no doubt for me that sentiment has changed for the better, good news has flowed but there is still a nagging feeling, is there another placing on the way? I know they said there wasn’t any additional raises required but it still feels like we fell to 11p a lot quicker than were rising back up into the 20s and 30s and beyond.
I felt there was a lot of emphasis on pipe being needed and how much it costs in recent interviews, it would be interesting to see how much of that 11 million we’ve burned through since end June. Not doubting these will be sorted, maybe even after RBL is sorted but considering that’s only weeks away, the current undervaluation defies logic to me and so raises the question.