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0.00% 0.7¢ hartshead resources nl

Ann: December 2016 Quarterly Reports, page-2

  1. Moneytree
    3,935 Posts.
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    01/02/17
    08:52
    Post #: 22274795
    So what have we got and what's it worth. 260m issued shares.

    Cash $13m
    Precommitted drilling $26.5m
    Drilling Plant and equipment $3m
    Madagascar Seismic prepaid at least $10m

    Total $52.5m or just over 20 cents per share. Plus blue sky with **on drilling success.

    At 5 cents the market is absolutely wrong.

    This is a probable Disallowed this year. Even more.

    Cheers all,
    PVD Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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