$20 million in royalties PA is just over a third of BGS'S MC...and our first payment would be this time next year...and a share register just over 200million... 10cents a share going forward with a PE of 3 and Lithium discount of 100%..that's just ridiculous!
Thanks Bdbear. Now that puts this deal into perspective.
As a leech on this forum (me), offering nothing but quasi philosophic bs, I greatly appreciate the information, education, insight and comments shared here by switched on altruistic contributors.
I don't know how to thank you all besides just saying, wholeheartedly, THANKS.
I started trading in 1998, went pro (I use the term very loosely) in 2006. Most of the time love the ride. Started at hotcopper this time last year, don't know why it took me so long to get here.
Truth be told, I'm a hack.
Living, loving and learning.
Humble and grateful.
Peter Clancey
ps
@jonatb thanks for the invite, sounds like you're living the dream. Surf down here in Sydney today is pumping, very respectable 3-5ft.
http://www.coastalwatch.com/surf-cams-surf-reports/nsw/dee-why
@Barneydebear liked the photo's you posted way back with your bike. I ride a VFR 800 1998, it's getting old, but so am I. Tempted to move to NZ, but 17 year old daughter objects.
All the best.
GLTA
Fitted with a Lithium Battery...it can sit for six months without been ridden over the winter months and she fired up pretty much straight away. I was told I can't use a typical trickle charger to keep it charged, but these batteries seem to be similar to a Deep cycle battery.
