Irrelevant Costs... Sunk Cost PerspectiveI really don't care how much they poured into buying up their asset base. Those are sunk costs and well before (many years) before I started investing in PNE. The company was and remains undervalued. I invested based on potential to generate cash. If PNE can generate 8-10 Million per Quarter.. 32-40 Million per year then they can grow production and pay down the debt in the next 12 nonths. Once the debt is reduced to < 1 yr Free Cash Flow... what will they do? Grow production?
Where is the prediction of going broke when they generate cash... bird brain... too complicated for you? What will they do if the debt is gone and they still have cash generation from their long life assets? MBI = Mail Box Income (Divis)... I know that just won't compute for you.
Looking forward to laughing at you all the way into the fall