No, don’t we have something like 1.56 bn shares and $119mm cash making for more like 8 cps.
Anyway the price is looking silly enough to me now that I’m in patient nibble mode, with one tiny taste today - price not disclosed.
One new concern is now our partner. Anyone know how easily STO could become stressed with the poo. They have quite a bit of debt, but much of there revenue not exposed to the poo. It looks like quite a complex beast to analize. Lots of buying and selling of assets too, not sure how they stand on ongoing big ticket assets either. The plus being they”ll be doubly keen to get a low capex entry into the Dorado cash bonanza, but the risk is perhaps less aggressive exploration? Sorry folks thinking out loud here.
EL
$119 million cash....and NO debt., page-43
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