TSXV:CART.H - Post by User
Comment by
nozzpackon Jun 16, 2022 11:24am
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Post# 34761392
RE:EU natural gas prices at $32 per MMcf ..RK making Money
RE:EU natural gas prices at $32 per MMcf ..RK making MoneyPerusing Q1 financials and removing one time expenses and most finance charges, while noting that operating costs will be substantially less due to the Kiev Office being shut down and written off, it looks like Q2 total expenses will be in the $150,000 to $ 200,000 range.
Taking the midrange of $175,000, Kub should have about $175,000 to pay down remaining modest debt.
The Genbacher power units ( 2 ) cost $1.8 million US and were only used 4 months at a very modest scale.
As these may no longer be needed, selling those will eliminate all remains debt, leaving a modest surplus.
Cash Will according rise by an equivalent amount under such actions..