EER east energy resources limited

r u ready to join $1 party?, page-4

  1. 2,917 Posts.

    "12. Noble Group would take over EER or fund the development.
    Noble group had a revenue of $56,696m and a profit before interest and tax of $1,029m for the 2010 year".

    Noble also has;
    Cash $875m
    total bank credit facility $9.3b, $3.5b used -
    $5.8b available (takes the risk away for funding the 30mtpa mine)

    EER should be at $1.50 now, then onto $2.50 - $3.00 with allocation on Hancock's line

 
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