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What exactly do the BOD of this company do?
Dec 2015 cash £98million
Dec 2019 cash £44million
Your currency is wrong. You should be usig USD.
$32.5 million was spent Chinguetti decommisioning
Ongoing focus on capital discipline, cash general and administrative overheads (‘G&A’) expenses
reduced by 15% to $2.6 million
Proactive focus on treasury management, with interest received totaling $1.1 million
Sterling is currently in a very strong position, preserving its capabilities, strengths and cash position to absorb any shock to the UK and wider economy and anticipates distressed M&A opportunities to arise as a result of this situation
The Company continues to be fully set to evaluate M&A opportunities that continue to arise in 2020 and remains committed to executing an accretive acquisition once the right opportunity is identified. We expect that despite the current global uncertainties and the risk factors which are currently impacting the fossil fuel industry as
a whole, our past background and professional excellence will allow us to target a deal for the benefit of all
our shareholders
Sterling has a detailed understanding of the current M&A market and intends to take advantage of the current volatile
marketplace.
Our focus for 2020 is onshore low-cost operators, who will benefit from our cash position to develop and explore their existing portfolio
During 2019 Sterling reviewed over fifty opportunities, of which 5 bids were placed and a number are still under consideration
rifteastafrica
Have you had shares in this company for long??
Also the market capitalisation is in £
Long enough. Its up 50% this year
cash value t about 15.7 pence
I've been in this one for maybe 15 years.
In all that time they have done nothing but promise.
It would have to go to £2.50 for me to break even.
Rubbish company
classic trying- to- get- in- lower- post