Cash position2 Dec 2019 12:51
The Company had net assets at 31 January 2019 of £2,175,000 (31 January 2018: £3,110,000) including cash balances of
£543,000 (31 January 2018: £449,000).
Sale of UKOG shs 11/3/19 - Gunsynd announces that it has disposed of 31,171,898 shares in UK Oil and Gas plc ("UKOG") at an average price of 1.405 pence per share for a total consideration of £437,966.
Placings raised £500k less costs and directors bought at .037p in June
They spent $130k on Oyster shs and then here is working capital requirements, but they don't burn much.
So they have over a £1mil in cash IMO and in today's market that is pretty good for a tiddler and there are loads of assets needing investment right now and tight money supply.