PNG cashed upOn first glance I was wondering where cash went. Then noticed PNG cash amount was in US dollars.
So they're basically injecting $26 million of working cash into their future cash cow. With $18 million cash and no debt. That's $1.42 per share in cash. HOH should open north of cash on hand.
On our Cansdian side you have $4 million cash, two combined cash flow positive rental companies now combined and team Snubbing investment. Snubbing will have about $2 million earnings per year plus high return rentals cash flow so the $4 million cash is enough but if they injected more cash it could have instigated an
immediate dividend. HWO should open at about $2 or more per share.
On earnings it will clarify further, especially on HWO side