The deal to pay off the lenders on its gold asset is pretty good so it can pretty much wipe its hands of that asset. One would not expect much if any return on that one.
Its copper asset looks good, but does anyone know how much debt is owing on Tritton? The balance sheet does not split the gold and copper liabilities up.
50% of any funds raised need to reduce the copper loan. Tritton is now generating a lot of positive cash flow, but its hard to value this company without knowing how much is still owing to Standard Chartered Bank.
SRQ Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
