Cash position??? You got to be joking! Strip out the US$ notes - that 90% of HC posters don't even know exist - plus strip out a potential tax liability of $180M and what does that leave?
$70M or less than 50c a share.
From now on this company will be forced to pay CASH up front. Nobody in their right mind will advance credit to this mob based on their pathetic track record of missing repayments.
Does anybody besides me know how difficult it is to run a business without credit? Cash up front for everything AED buys or hires.
Going to be a real hoot to see AED hire a drill rig based on their current repayments history - oops sorry - that should be NON-repayments history.
A farcical situation waiting to unfold or perhaps the spruikers believe the Norwegians won't tell anybody?
approval less than a month away, page-2
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