From the 11.3m, they have covered their short term loan and the unlisted conv notes. That leaves them with conv notes due end 2014 which is basically it.
With their asset in the US, and cash at hand they are just about asset positive, if not already. Upside potential here is the acquisition of a new energy site, as well as the $40m loan facility for acquisitions in the US. That $40m facility is nothing to scoff at - very few small cap juniors are afforded even a tenth of that.
From where these guys were at 12 months ago, this has been a massive turnaround.
From the 11.3m, they have covered their short term loan and the...
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