RE:RE:RE:RE:RE:RE:price ceiling Global,
I don't quite get this...I was merely offering some advice - rather than the blast that you got immediately from that other poster (whose post has now magically disappeared on my screen). I am not an accountant...obviously, neither are you - but I was trying to help..
So, what's your game here? You are saying that the cash-raise is Zero-Sum. Well, that's comforting - but welcome to the big leagues. Am sure that it will come out in the wash.
Oh...and BTW...the Equities that you keep harping on...I would be extremely surprised if ANY of those %chunks of other companies that NFG has stocks in had not at least doubled-tripled already. So, besides the obvious advantage already achieved...yes, a double might be nice! The old adage...hold thy friends close - hold thy enemies closer...might apply.
So, where are you going with this? What is your intention?
el d
Global1966 wrote: Cash at bank at 30 June plus $57 million minus expenses since 30 June equals cash on hand today.
My rough guess is between $50 and $60 mill.
They can always sell the Investments next year if they need the cash but will need to be careful not to spook the market. Who knows, these investments could double by this time next year