GREY:ARKXF - Post by User
Comment by
shambano1on Feb 12, 2014 6:47am
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Post# 22198711
RE:RE:Kelt is up and RTK is down
RE:RE:Kelt is up and RTK is downdebt is creeping up a little but they have oil assets that they can sell for 30-40 million if they need to and they have low outstanding shares, so new offerings are an option if they need to raise cash.
good point but I don't think it's a problem as yet.
Plus I do expect their partner Kelt to possible buy them out at some point if they stay this cheap since the Inga/Fireweed JV is a great property and the oil assets are easily sold.
I'm a buyer on dips for sure but I will wait a little to see how this drop plays out.
I'm long and biased so DYODD