$61.1m that amounts to roughly 46% of the value of the divestment of EM Solutions going straight into the coffers at those shrewd buggers at Pattinson House. They just made sixty million bucks in one payment and they didn't have to produce a single remote weapons station. How good is that! Not only that, but SOL still own almost 10% of EOS so therefore, I'm hoping that EOS manage to kick some contractual goals real soon.
@The25thBam - I wouldn't be too concerned with EOS riding the cash cow wave. $80(+) million p.a. in wages, salary and admin costs should keep things in check.
Let's look at the typical (and frequently) used language in EOS' reports. This one is no different to all of the others..
Order Book Development Activity / Market Development Activity;
1. Advanced Negotiations on... 2. Negotiations continued... 3. Work continued on Ukrainian Opportunities (1) Discussions regarding budget...(2) Discussions with donor nations... 4. Discussions with existing customer in the middle east (That's their bread & butter...the middle east) 5. Demonstrations of EOS counter drone... 6. Advanced negotiations (EOS laser weapons) 7. Discussions continued (with potential new customers...)
Well played to Soul Patts who have diversified from not only being a successful long term investment house, but are now also a credible third tier credit provider to those businesses who have been unable to manage their own businesses and take stock.
I think it might be time to buy more SOL.
EOS Price at posting:
$1.21 Sentiment: None Disclosure: Not Held
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