VKA
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11.1% 1.0¢ viking mines limited

valued 4.0 cents+, page-5

  1. ddzx
    37,911 Posts.
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    02/02/17
    00:04
    Post #: 22304306
    $2M has been paid. Yes, it is accounted for in the cash or otherwise spent.

    $6M is owing.

    Plus another $2M if mining ever starts at the gold mine.

    The cash backing at 31/3/17 (if the $6M is received) will be around 2.6 cents per share.

    Then there is the Thai lithium asset, the (pretty good) Mongolian coal and whatever else they have.
    Last edited by ddzx: 02/02/17
    VKA Price at posting: 2.3¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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