In light of the recent events Columbus Energy Resources (CERP LN) has announced that it has taken commensurate measures with a focus on cash preservation. There are two fundamental aspects to the approaches taken; direct cost cutting and payment in shares in lieu of cash where possible. With a cash balance of US$2.56m the company has a modest cushion, however, this package of measures will help to ensure that stakeholders and shareholders are able to benefit when a recovery takes hold.
15 Apr 2020
VSA Morning Flow Test
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Columbus Energy Resources (CERP:LON) | 0 0 0.0%
- Published:
15 Apr 2020 -
Author:
Oliver O’Donnell -
Pages:
3
In light of the recent events Columbus Energy Resources (CERP LN) has announced that it has taken commensurate measures with a focus on cash preservation. There are two fundamental aspects to the approaches taken; direct cost cutting and payment in shares in lieu of cash where possible. With a cash balance of US$2.56m the company has a modest cushion, however, this package of measures will help to ensure that stakeholders and shareholders are able to benefit when a recovery takes hold.