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Bullboard - Stock Discussion Forum Gen III Oil Corporation V.PGK

Energy Metals & Mining Oil & Gas Refining & Marketing Gold
"GEN III Oil Corp operates as an oil processing company in Canada. The concern owns the ReGen re-refining technology. It provides the ReGen technology which re-refines used motor oil (UMO) to produce Group III base lubricating oil (synthetic grade oil) in marketable quantities. Group III base lubricating oil sells for approximately 50% more than current re-refinery produced Group II products... see more

TSXV:PGK - Post Discussion

Gen III Oil Corporation > Nice results today & 7 cents cash/share
View:
Post by duediligencedone on May 23, 2013 10:28am

Nice results today & 7 cents cash/share

PNG Gold has $ 9,153,161 in cash in its treasury according to their latest SEDAR MD & A.
Comment by doctorfill on May 23, 2013 12:26pm
$9 million sounds impressive until you realize they had $13 million only 3 months earlier. Quite a burn rate.
Comment by pg13 on May 23, 2013 1:22pm
They spent $4 million to purchase drill rigs
Comment by pg13 on May 23, 2013 1:22pm
They spent $4 million to purchase drill rigs
Comment by ValueCat on May 23, 2013 1:44pm
1 out of 11 ain't bad?
Comment by Johnny881 on May 23, 2013 9:08pm
This post has been removed in accordance with Community Policy
Comment by doctorfill on May 24, 2013 4:46pm
Spent $14 million last year. Must have a lot of drill rigs.
Gen III Oil Corporation