so what are we actually waiting for now?, page-5

Assuming that the Eagleford area is worth $50M in a sale and the pending acquisition is $100M. That leaves a producing asset which may produce say 8 - 10 cents earnings and still have $100M in the kitty - for working capital or further acquisitions down the track.

Just look at Brockman when it traded at 47 cents and had circa 70 cents a share in the bank. Cash is king and there is a lot of bad times ahead for those with too much debt.