So, the Balkans assets have been sold and replaced with $275k upfront, and $10M that will/may come in over the probably quite long term.
Now, the big question in my mind is what is our new market cap. going to be now without the Balkans assets.
I guess we are going to find out pretty soon what value the market places on our coal assets. Let's hope it's more than the amount that the market cap was marked up by when they were acquired, because that was a big fat zero........
TheWay99, agree with the picture changing over the last 12 months. This time last year I was looking forward to the potential of cash dividends and inspecie distributions as a result of these asset sales and I think we were also supposed to be spinning off the coal assets at that point as well, in order to have BMB only holding Togo.........
How differently things have actually worked out.
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Ann: Update on Sale of Balkan Mining, page-9
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