Had a quick look at the annual report/financials + the deal.
to me looks like this means essentially:
3.9mm in hard cash (assuming the deal get approval)
+
5mm in cost recovery (of which a substancial portion might be hard cash, coming in the next 12 month)
+
removal of major liabilities, relative to marketcap.
+
a potential 20mm royalty which you might wanna discount at 25% pa. , but still could be nice money over ne next decade.
-> most important if you look at Note 2 of the annual report:
*as they won`t be the operator anymore about 75% of the annual expenses are gone. (employees, travel, regional office....)
*Directors and management fees are not very high so far
= good chance after tax they might be able to distribute about 1mm per annum as dividends, assmuming they are smart enough to stay a royalty to (high premium), and not spent it on new adventures....
cheers
treatime
*many
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Last
2.0¢ |
Change
0.001(2.56%) |
Mkt cap ! $36.26M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 1.9¢ | $110.1K | 5.716M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1563970 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 1985670 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1563970 | 0.019 |
13 | 1910205 | 0.018 |
9 | 2965937 | 0.017 |
5 | 2432379 | 0.016 |
5 | 1201666 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 1985670 | 7 |
0.021 | 7751970 | 15 |
0.022 | 2907435 | 8 |
0.023 | 2075086 | 8 |
0.024 | 2022899 | 8 |
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