AYO unknown

still hanging on to its cash

  1. 3,353 Posts.
    AYO qrtly shows Amity pressing on ahead in Turkey, but without substantially drainings its cash resources. They still have A$13.8M cash on hand. Good one.

    And with gas sales in Turkey very slowly creeping up, cashflow is also slowly rising here, making the whole Turkey campaign virtually self funding itself.

    Also, if they can continue to have a few successes over the next while and keep the share price above $1, well then 35M options to exercise at $1 will really boost the coffers and allow them to expand without constant placements to sour the share price.
 
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