GREY:ARKXF - Post by User
Comment by
teeveeon Feb 13, 2015 12:07pm
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Post# 23427115
RE:RTK will be gone soon???
RE:RTK will be gone soon???First, an all paper offer from KEL would be a bad deal as KEL is one of the most over priced energy stocks on the market. Second, I can see no reason why KEL would make an offer for RTK as they can enjoy the benefit of Inga/Fireweed without taking it out. Third, KEL would have to assume RTK's balance sheet debt, Fourth, KEL can focus on its other properties while the program at Inga Fireweed is at a near stand still. Fifth, it is unlikely anyone else will step up to buy RTK as it is only about a 50% interest. Sixth, There is little if any room left for adding land and production at Inga/Firecweed and the remaining adjoining lands are all owned by major companies, so the only remaining growth left is by the drill bit and in this price environment, Inga/Fireweed production is at a standstill at best. ......I don't see an offer from anyone for RTK coming any time soon.......