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Mammoth Energy Services Inc C.TUSK


Primary Symbol: TUSK

Mammoth Energy Services, Inc. is an integrated energy services company focused on providing products and services to enable the exploration and development of North American onshore unconventional oil and natural gas reserve. It is also engaged in the construction and repair of the electric grid for private utilities, public investor-owned utilities and co-operative utilities through its infrastructure services businesses. It operates through four segments. The Natural Sand Proppant services segment mines, processes and sells sand for use in hydraulic fracturing. The Well Completion services segment provides hydraulic fracturing, sand hauling and water transfer services. The Infrastructure services segment provides electric utility infrastructure services in the northeastern, southwestern, midwestern and western portions of the United States. The Drilling services segment provides rental equipment, such as mud motors and operational tools, for both vertical and horizontal drilling.


NDAQ:TUSK - Post by User

Post by jrussellhustleson Mar 01, 2023 1:31pm
113 Views
Post# 35312980

What is the current cash position?

What is the current cash position?I would estimate it at being less that $600,000. and with their monthly average cash burn of over $200,000.00, that will put them BROKE before the end of Spring. Amasing how they raised millions of dollars through 5 separate private placements in the last 15 months and blew it with nothing to show for it other than a few mining claims that NOBODY else wanted....tsk tsk. 
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