Post by
rakethis1 on Feb 13, 2014 10:10pm
Re good news
At the current numbers this thing is probably cashflowing more than 2 million per month. Not sure what the share count is after they lined up to the trough last year but it must be around 100 million.
If so that means we are trading, by appointment only of course, at 1 times cashflow.
Getting the covenants up to date takes away any risk of foreclosure so now it is an operating, exploration and balance sheet story.
If they keep doing what they are doing 50 cents should be easily achievable by yearend.
It would be nice to have some detailed financials out.