RE:RE:Another $150 Million Coming In August 2015Praxis1 wrote: Piperdown wrote:
There is another cash installment coming at the end of August, 2015 for $150 Million from Brion. Plus next summer there is two cash installments due. One from Petro China and one from Brion. As on the end of March 2015 the company had 1.1 Billion in funding available.
You do realise that is pocket change in the oil patch. It will cost them way more then that (BILLIONS) to start their project(s)!
@praxis. I do realize that. ATH will need to partner to fully develop their properties to their maximum potential. I am pointing out that they are cashed up to weather the storm and they have excellent properties. I don't think this is going back up to $8.00, but it will be back over $2.00 soon enough for me to make some decent cash. This isn't going bankrupt like some bashers like to try and push. There are some oil patch companies that are debt riddled with no cash that might go bankrupt before oil can catch a bid.