RE:55 cents in cash by the end of the monthand you figure they can find a buyer that would pay (your numbers here) 65 cents for 56 cents in cash? That 56 cents will start going down when they close.
For the life of me.... why, in all these news releases, have never said what they hell they are going to do with that cash! I mean slalaries of course... big ones... but they still have not said what they are going to do.... hire a CEO maybe...LOL... then start up an international oil company... with only 50 mill... ummmm...
not for me... did ya see yesterdays trading in NWX? one million shares in two blocks to CIBC... that is a nice chunk of shares... if I were say Beach Energy, I woud buy until they got to report their holdings and then go hostile on this company with two money grubbing...