Just think that by June 30 this company will have over $130 mil in cash in the bank. At current production levels and current PON.
That's a chunk of cash
It's about 25% of Market Cap..They could buy back 25% of their stock and cancel it from their bank account. They Could borrow the rest,privatise and pay back the loan in 3 years.( or someone else could do it, if they catch on)That is truly incredible. SP has to go higher, Spec Div or T/O? This is like buying a house for $500,000 and receiving rent of $120,000p/a
What's your thoughts?
cheers
Goyco
MCR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held