Post by
colourama on Aug 19, 2024 11:34am
First trade @$1.20
Only tiny volume, but first trade of HOH at $1.20/share values it at 12,448,166*$1.20 = $15 million CAD approximately. Keep in mind that the company has $13 million USD = $17.7 million CAD cash.
While revenues are subdued without drilling contracts, I don't think they are burning cash that quickly.
Comment by
BigWillie on Aug 19, 2024 6:44pm
the fact is that we do not know how quickly they will burn cash. Also, cash burn must be sufficiently high if you want to keep core of trained crew. Stick of two ends.
Comment by
auburn2 on Aug 20, 2024 12:35am
They addressed these concerns in the CC. If there isn't yet a replay on the website it should be there soon.
Comment by
Tradestay on Aug 23, 2024 12:15am
Remebrmer this business has been around for a decade, cash burn is not high. Pims is new and pays for itself.