What is it? Something like 100 million dollars in cash.
Then I ask myself, if we're something like 20/25 cents cash backing, it gets really really REALLY hard for this to go much lower.
We're cashflow positive, 100 million in the kitty and just completed out expensive capital outlay. So we have no need to raise money at some lowball price.
Then I think, will this hit 40, which would give us an EV of about 80 million dollars before this returns to 80.
I feel it has a much much much higher chance of hitting 80 before 40... So at sub 60, I start thinking I might top up a lot more.
If I bought at 91 average previously, why would I think it's worse now? Is what I ask myself.
Outlook?, page-6
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