RE: VGN Q3 2010 Financials and MD&A are out on SedNicely summarized... just to expand on #4 ...
As i read / understand it ....
"As of September 30, 2010, Greencastle's currentassets were $6,027,404, or approximately
.135 per share. Income fromoil royalties at the Primate field in Saskatchewan was $995,842 for thenine months ended September 30, 2010, or approximately $110,000 permonth. "
-> Greencastle had cash and cash equivalents and short-term investments of $4,946,553 at September 30, 2010
Now this evaluation of .135 / share is based on current assets , so presumably that includes the 70% (?) ownership of avaranta ...
Now the part that i wanted to highlight ,. working capital for the new entity AFTER the anticipated Evrim pp ... " Upon closing of the transaction, it is anticipated that Evrim will have a working capital position in excess of $7.0 million."
So basically both entities will be flush with cash so things will get interesting pretty quick in IMHO..... that's my understanding anyhow...