RE:RE:Q3..record sales of $3million..options still being examinedSome other points from the Sedar details...
Cash and investments were $1.5 million
The company had tax refundables of $4.1 million due them for their VAT expenditure
Just about all of the expenses associated with the 2012 drilling have now been paid off
Net book value is now $24.7 million
Net earnings for the first nine months were $4 million
Management have done a great job bringing the balance sheet from negative $22 million in WC deficit to a positive $1.8 million, mostly in cash.
All debt, except for the $500,000 shareholder loan has been paid off, so we now have a very strong balance sheet with a book value above $1 per share.
Going forward, that balance sheet will contunue to accumulate cash, as nearly all debt expenses have now been taken care.
Load up at these prices