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Bullboard - Stock Discussion Forum CanAsia Energy Corp CECAF


Primary Symbol: V.CEC

CanAsia Energy Corp. is a Canada-based junior oil and gas company. The Company is engaged in the exploration for, and the acquisition, development and production of, crude oil and natural gas reserves. The Company, through its subsidiary, Andora Energy Corporation, is focused on developing the bitumen resources at the Sawn Lake property using steam assisted gravity drainage (SAGD) development... see more

TSXV:CEC - Post Discussion

CanAsia Energy Corp > U.S.$ CDN$ Exchange Rates
View:
Post by radcat on Jun 17, 2022 2:32pm

U.S.$ CDN$ Exchange Rates

June 6th News Release:

Excerpt: "A holder of a common share of Pan Orient will receive, for each such common share, cash consideration of USD 
$0.788 and one common share of CanAsia. The cash consideration is approximately CAD $0.991 at the current exchange rate".

Todays U.S. dollar / CDN dollar exchange rate is $788.00 U.S. = $1,020.89 CDN, POE Thai assets are now worth almost $1.03 today. 
Comment by radcat on Jun 17, 2022 2:45pm
$7,100,000.00 Sawn Lake cash / 49,800,000 shares = $0.1425 cents per share. POE shares are worth $1.17 today, and that is without any value for Sawn Lake assets which we all know is worth something.  
Comment by nozzpack on Jun 20, 2022 7:27pm
CAD today is 0.77 of USD. Our cash portion is now $1.05 per share. About $1.20 per share including seed capital for Sawn Lake. Zero value for Sawn Lake. Zero value for what POE has arranged for our new business. Cheap hardly describes our current share price..
Comment by Sudirman2 on Jun 20, 2022 8:01pm
Nozzdude, you may want to re-calibrate the ol' abacus.  .788/.77 does not equal 1.05$. Even in reverse polish notation, coming out to 1.02337 on the Hp12C. 
Comment by nozzpack on Jun 21, 2022 10:09am
My apologies for that computational error. Done mentally very quickly and probably got the Carry function wrong.
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