Agree totally - there must be some idle rigs ready to buy or a contract or an acquisition. They have a $38m banking facility that is not totally used, they could sell OreExplore, they could sell their above ground rigs for $8m (book value) that are essentially idle. If they waited 6-months they would report a cracking 1H19 result given current utilisation and rig count and the stock would trade at least to NTA (32c)?
There better be more to this story
- Forums
- ASX - By Stock
- SWK
- Ann: Trading Halt
Ann: Trading Halt, page-9
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SWK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online