Ref: Norway Invest
Post # 2119
As per Q1 2016, Hero has total debt of 526 million (Current and Long Term). Cash was 296 million, Receivable 56 million and restricted cash was 200 million, that makes total of 552 Million plus they are getting 196 for sale transfer as per recent May 26 form 8K, makes total of 748 million. So that should leave us with 222 million. With total of 20 million shares outstanding, we should receive a way more than 2.2-5 dollars, Just my opinion.
I am holding and hoping to make some profit because my average is 2.48. Good luck to all Long.
