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22.2% 1.1¢ viking mines limited

$5.5m cash + $3.8m due vs $7.5m market cap, page-18

  1. Nebuchadnezzar
    327 Posts.
    lightbulb Created with Sketch. 16
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    06/11/17
    20:56
    Post #: 28551330
    Crazy that there's no premium on such a cash backed shell. Minimises the need for dilution to fund the acquisition. I guess it depends what an 'advanced' exploration project will cost.

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    VKA Price at posting: 2.3¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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