OTCPK:ATGYF - Post by User
Comment by
algroveon Feb 08, 2014 12:00pm
332 Views
Post# 22187385
RE:another question
RE:another question
Most, if not all of of the tax losses will be gone, as the losses presumably reside in the North Sea subsidiary that is being sold.
What we end up with is a clean company with about $17 mil. in cash. An interest in two resources where previous drilling has taken place, one of which is Fyne which if it works could be a company saviour. Plus the Irish lottery ticket.
What worries me is the cash burn that the current management with their salaries will incur.