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
Agree totally - there must be some idle rigs ready to buy or a...
-
- 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)