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,
Ann: December 2016 Quarterly Reports, page-2
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