Best fiscal performance + CAD 0.10$ in net cash equi. Excellent fiscal 2022 performance - A record sales, net income, and EPS level. (0.022 USD or 0.0293 CAD at fx of 1.33).
Book value of CAD $0.147.
Net cash equivalents of CAD $0.10. (Cash + AR + Due from non controlling interest - Liabilities)
The business is criminally undervalued at CAD $0.105 per share just from an operating standpoint (60% to 100% upside imo) but the ongoing claim could also be a gamechanger ($10M USD claim)
'Following the filing of the respective parties’ witness statements. Witnesses for both the Canaf and KML were crossexamined and later re-examined by Counsel. The Tribunal thereafter set out a timetable for the filing of Written Submissions. Canaf will start and has been directed to file and serve its Written Submissions on or by the 28th February 2023. KML shall then file and serve its Written Submissions in Reply on or by the 28th March 2023. Canaf may file its Written Submissions in Rejoinder on or by 11th April 2023. The Tribunal has set the 11th May 2023 as the date for delivery of the Award. If the Award is partial, the Tribunal and the parties shall meet on a date to be agreed to set timelines for the determination of the remaining issues in the Arbitration.'