Market cap 2.5m
Cash 2.2m
10% ongoing Royalty from Ranau without ongoing expenses.
Alberta Oil Sand Project with JOA to be announced 'soon'.
Low outgoings with Directors, Employees and Consultants that have taken shares in lieu.
Strong long standing shareholder base.
Consolidation of shares complete.
Low Oil Price.
Weak Trading.
IMO the company has emerged from a very difficult position. I don't expect we will see the current Market Cap for much longer. The potential for a quick surge should now be apparent.
The Outlook
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