This is my crunching……Am i missing something?
D&C Pesca values Strike's holding at US$27.5m and is obliged to pay that amount in addition to the repayment of Strike's loans to AF of approx US$30.7m plus the repayment of a further US$4.1 advance……..TOTAL US$62.3M
Berau Coal Project could add another US$4.3m in around 3 weeks.
Last cash position states A$19.5m…..Will assume US$18.5m left.
Potential total cash holdings of US$85.1m and 142m shares on issue.
I get 60 cents per share cash backing.
Note with the oppies that less than half are close to strike and would average in the mid 40 cent range anyway so US$85m/142m shares should suffice.
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