RE:RE:$1.60 cad in cash and market cap of $250 m cadOverertune wrote: Waiting for the next acquisition. With much more cash on hand, the next one should be much bigger. Hopefully they find something with much longer lifespans and reserves, that will really make VLE an established company.
They need to pay for Muba one first.
If the oil price triggers for additional payouts to Muba they need to pay additional $50M plus they still have $30M debt from the deal for the various clean up guarantees and other costs to actually close the deal.
Thats $80M payable still on muba deal plus they need to bank at least $5M mth for clean up. At least a year before new acquisitions by then oil could be $40 bbl. They move way too slow should have never lost the second rig or wasted money buying the production platform.
We can all get 12% + on money market funds why waot another few years to get paid from VLE rednecks living luxury Singapore life hahaha.