I dont see the fact that OROT did $80MM in revs in the past 6 months helps SIRG. The deal for the mine only adds up to being $1.1MM for the contract and another $1MM over 2 years in rev (as a cut) from OROT. The fact that OROT does those revs, does not mean that cash with flow into SIRG. Unless I am mistaken, with the Q coming off and the deal with OROT on the chlorine mine, only adds up to $2.1MM for SIRG.
It COULD, roll into future contracts between the two companies, however unlikely as it seems SIRG has sold its other assets and pretty much only has the Chlorine mine left. SIRG would then pretty well only be a subcontractor unless OROT just bought them out.
Is anyone else seeing how this deal would make a catastrophic impact on the revenue that SIRG would acquire? And also, what happens to share count now? does it stay at 900million or suppose to go to 300million?
