" Do you think we would be valued at circa £80m MCAP if we had £150m cash and no debt..... Off course we wouldn't!!!! " Actually yes I think we would. The money in the in the bank is one of the primary reasons for the discount the company trades on i.e. the uncertainty in the City about what BLVN will do with its cash pile. BLVN need to show a bit more balanced portfolio to reflect its core NAV of 74p a share. This cash pile is a reason for the rumours that BLVN may make a bid for VOG as there are there are significant synergies between the two.
i wasn't looking for a fight....and i wasn't the one who bought this subject up up so vent your anger elsewhere. i was merely stating what the RNS says..........i'm certainly not going to argue over anyones "estimates" as that would be RIDICULOUS
You guys don't have to guess. The company gave a presentation to the JPMorgan Global Oil & Gas Conference on September 3rd. If you check out the presentation, you will find on slide #10 that Bowleven had: "Cash at 30 June 2015 ~$145million* (post farm-out completion and $9 million Petrofac settlement), no debt."
They also state that "G&A reduced to ~$1.1 million (gross) per month".
I believe you can get a reasonable estimate of current cash in hand from the given information.
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