RE:Current situationOil has rebounded quite a bit and EW does have very low production costs in NZ, yet we sit at 4-4.5 again which is mind blowing. Added a few more shares because I think the NZ deal will close. That adds another $1 million USD to the books and takes away $1.35 million liabilities off the books. So then EW has around 6 cents a share CAD in cash, Romania asset, 244,00 shares of ORL.T and 513,000 shares of SEW.H. Payables will likely stay around $300k unless they get paid off, then there's literally zero liabilities on the balance sheet.
Stock should hopefully double once everything is settled with NZ. I still think they should sell Romania, sit back with the cash and see what opportunities open up over the next year. Lots of businesses will need cash injections, even lending the money at 8-10% (Backed against some real assets, like a first mortgage on a property) might be something worth mentioning to management.