COE 0.00% 22.0¢ cooper energy limited

whats the 70 million going to be used for

  1. 1,807 Posts.
    just looking at the forward plan here, the company raised 60 million last November and i'm struggling to work out where that cash will be used.
    they should be able to free carry bargou.
    hammamet, seruway & south madura should only set them back 5 million each and all this is about 12 months away.
    they could have managed this through cooper basin production.
    at this stage, the 60 million placement has not been justified.
 
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