Post by
nozzpack on Jul 13, 2022 4:18am
Cash out value
The sale is for a nominal consideration of $1 and the buyer assuming all of 3P's and Tysagaz' liabilities including the Ukraine bank debt that is guaranteed by Cub and all provisions for reclamation costs.
So, based on current CAD m to USD. it looks like about $11 million cad or about 3.0 to be 3.3 cents per share in cash dividend..
Comment by
nozzpack on Jul 13, 2022 7:37am
We had $9.26 million in assets at March 31/22 of which $8.92 million US was cash. I estimated losses at $250,000 in Q2/22 which leaves us with cash of $8.9 million USD equal to $11.4 million in CAD which is about 3.5 cents CAD.