RE: Missing RNS9 Jun 2018 23:30
Hi MaxH
Yes it's a good thought.
But I might have to question a couple of numbers you have
Overheads $213k per month I thought it was more like $300k, but could be more now FRR are doing more.
Yes, the company had been virtually bankrupt for a long while and a bit of contingency would probably not go amiss.
As Tsbs pointed out the other day, debt is still $30m due in 2020. You might want to build up a lump of that.
Directors pay? Has it been paid? Is it payback time?
Mindset, when you have been skint for a long time you think skint. It's hard to think flush when you're not used to it.
Geopolitics - could be the investor make a geopolitical meltdown less likely. Marriage made in heaven?
VERY LASTLY, FRR are not producing 1000BOPD or thereabouts and likely to do in the medium term. With all the positive words Zaza has uttered, surely not. He might be overoptimistic but total liar - No