TSXV:EPO.H - Post by User
Post by
Keeeet123on Feb 26, 2011 12:50pm
494 Views
Post# 18199069
Leo The markets are funny
Leo The markets are funnyThis is great news, back up the truck kind of great news!! Taken from another post...
To summarize the current value just in cash on hand:
2.5 million AOI shares at $1.97 = $4.925 MILLION
10 million EPO shares at
.465 = $4.65 MILLION
Current Cash Position of $19 MILLION
Total = $28.575 MILLION
Shares outstanding 86,118,177
VALUE OF CASH PER SHARE =
.3318
stock is trading at $.30 plus there is upside in AOI and EPO performance and the upside on drilling for the $13.1 million budget for 2011!!
Plus all of the insider buying lately, this appears to be an absolute hidden gem!
GLTA!
Key quotes below...
"As a result of the amended terms of the Farmout Agreement and recent asset sales, the Company has a current cash position of $19MM"
In addition, the Company has other assets in the form of 10MM Encanto Potash shares and 2.5MM Africa Oil shares that could be sold to fund ongoing operations. The Company now has sufficient capital to meet all its future work commitments related to the Farmout Agreement with Africa Oil and additional capital to participate in other new exploration ventures.