Book value is 84 pence. It looks like after capex they were burning about 17 pence per year? Is there a better number to use to estimate the approximate decline in book value due to cash outflows each year?
They trade at around 32 pence. In a liquidation today, what might they fetch? I am guessing they might get 70% of book value, but you need a buyer at any price....
So no one was a taker on my original question. I understand that this is not a resources forum. If someone knows of a better place to have Bowleven discussions please point me there.
