£25m in accumulated losses, 1.7p of cash, no debt, low overheads, 37.5% stake in sc55 with no commitments under memorandum until Dec 2017 and the option to farm down or relinquish in that period, Georgia no commitments. New venture is being discussed by the company and an email reply on here suggests a target date of end of 2016 to complete a deal. What's not attractive about a £5m market cap and 1.30p share price.
Thai...the cash alone must be 1.75p and low cash burn and no overheads on Georgia or the Phillipines. It's about playing the game and the game could be 3p,4p,5p,6p come 1st quarter next year. The caveat is on the type of asset they bring in. What was the response u got back from the company?
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