I would put a value on the Cash on Hand.
there seems to be a worldwide significant capital spending cutback on oil and gas sector emerging. See Santos Market Update this morning. And also Petronas postponing its LNG project in Canada. Oil and gas industry reacting quickly. It would be difficult to do capital raising when oil price is below $90. With a little bit of luck and nerve, this could stabilise oil price and move to US$80 soon.
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$1.23 |
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Mkt cap ! $2.623B | |||
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| 3 | 124006 | $1.23 |
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