OTCPK:ATGYF - Post by User
Post by
birchjunkon Apr 01, 2013 2:59pm
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Post# 21193468
$0.22 /share in cash
$0.22 /share in cash I too have gone through the financials and Weybacs numbers are pretty solid.
AEN should have exited Q1/13 with close to $40 million in cash less g & a of just over $1 million.
Oil sales for the remainder of the year should gross about $40 million and cash flow about $25 million @ $75 netback.
This is easily sufficient to pay the $20 million Causeway requirements for 2013 and pay g & a.
In other words, AEN should exit 2013 with a cash position at $35 million or so and no debt.