TSXV:CART.H - Post by User
Comment by
nozzpackon Jul 30, 2022 1:56pm
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Post# 34862399
RE:The Deal is Done
RE:The Deal is DoneWorking capital as of June 30/22 was $7.4 million US which is almost exactly as it was at exit March 31/22.
This is very consistent with my calculations in an earlier post that Kub would break even on its modest gas production including the impact of the higher royalty offset by much higher prices.
The news release is a bit confusing re the assets remaining with the RK asset.
However "
The buyers assume any and all liabilities, contingent and otherwise, as well as the assumption of all 3P and Tysagaz staff as of Aug. 1, 2022."
Taken at face value , we should have about $9 million US or so in cash , after completion of the sale.
Use of that cash remains a choice between ROC and acquiring a new business venture.
Re the former ( ROC ),p option, one would think that a decision would already be made and necessary closing up requirement proxy voting would near announcement.....which suggests they are going to the new business venture..