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seychelles nation article, page-4

  1. remirez
    11,059 Posts.
    lightbulb Created with Sketch. 509
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    01/08/13
    17:00
    Post #: 12143098
    WHN SP = 1.6 hence market cap about $30 mil.

    Can some one explain to me how the market cap is still $30 mil ?

    1) Failed JV negotiation, and inability to meet Seychelles drill commitment in 2014 (and hold on to the acreage)>

    2) Palta, duster

    3) Cash balance at most recent quarterly 5 mil.

    Essentially all the company has is La Bella which it is attempting to farm out and projects production in 2017 ( if not a duster).



    QFY Price at posting: 1.6¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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