obviously this is getting rid of a big slug of overhang, which has been plaguing the stock. Interesting that it was done at a premium to the market. With cash flow in excess of $20m vs and enterprise value of about $100m, SAE is good value on its existing production project. The large development, appraisal and exploration projects coming up are for free.
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- big crossing this morning
obviously this is getting rid of a big slug of overhang, which...
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