STTComp VKA, FA Long MC of $7.2M Existing cash balance of $3.2M...

STTComp VKA, FA Long

MC of $7.2M
Existing cash balance of $3.2M
Receivable due on 31/07/18 of $4M AUD

Once the cash is received it will put the EV at ZERO. GTT on the board, with substantial shareholdings, and were contracted to deliver an advanced brownfields project capable of delivering sustainable long term cashflows. Not just some under explored gamble of a lease. With such high levels of cash this should be done with no or very minimal dilution. GTT contracted search for a project was due to end 30th June. Suspect that the only thing holding this up now is the wait for the additional cash to arrive. Once this happens, an acquisition shouldn't be far off. Even giving VKA a very reasonable shell EV of say $2M on top of the cash backed MC of $7.2M would see an increase of 28%.

Have tipped this previously and I believe it continues to be a no brainer. Just need to be patient