RE: Nicola duke buy buy12 Jun 2019 11:59
Shes a tech trader mate VAS is irrelevant in that respect.
Regardless & as discussed countless times, VAS licence is only for a tiny part of the RPT reserves with 1.8 MMBOE remaining (compared to the MEX-GOLD and SV at 50MMBOE), plus it seems like the hearing has been pushed to one side for now. I also think your valuations are way off the mark when looking at current production and cash. If we look at this year alone FCF at c.$35 m which presents quite a staggering yield at the current EV.
VAS cpr due imminently will hopefully give it a kick and hope further clarity on a number of accounts following the AGM, especially how cash is spent.