Bannerman Energy (AU:BMN) has released an update.
Bannerman Energy Ltd has reported a decrease in cash and cash equivalents of $18,546,000 over the past 12 months ending June 2024, attributed to significant investments in exploration and evaluation activities. The company’s quarterly cash flow statement shows operational activities led to a cash outflow of $1,055,000, while investing activities accounted for a larger outflow of $6,544,000 during the same quarter. Financing activities had a minimal impact with a cash outflow of just $7,000.
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