Been a while since I had a look over things, but had a look at the last quarterly CF and noticed couple of things that raised my eyebrow:
1. Receipts from gas sales $5,144k. Production costs $2,510k. Administration $931k! Seriously are we working off about 33% bottom line? Circa $1,700k PBT each quarter?
Translates to a very very poor EPS.
Administration $931!!! PLEASE
2. Cash at end of quarter $7,973. Expected outflow next quarter $8,700k.
Gee not being negative but just makes you wonder about corporate governance. I'm underweight in HOG and don't spend much time looking over things but makes you wonder... does anyone really know what the heck is going on over there? Really?
Ukraine, very expensive place to 'administer' a business! NOT. LOL
...stand to be corrected. DYOR
Been a while since I had a look over things, but had a look at...
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