TSXV:CART.H - Post by User
Comment by
brnt999on Apr 20, 2012 7:59am
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Post# 19815651
RE: RE: 37 cents?
RE: RE: 37 cents? I think the reason the sp is dead in the water is that the company doesnt have any cash and the market is expecting a financing. I think, and someone correct me if I am wrong, the company has to pay a third of the drilling costs of KUB Gas. The last I looked Cub had 750,000.00 in cash.
What confuses/baffles me is Cub just spent 17,000,000 buying JSC TYSAGAZ. They blew there whole wad on this aquisition and now it is like an after thought.