RE:RE:RE:Re Free Shares... Hi diggin, first of all the spin out is 1 Royalty share for every 3 EPL shares owned at record date, not 1 for 1.
Secondly when a spin out like this happens it's always hard to quantify a price of both entities after everything has been approved and shares issued.
Personally to help me justify my large holdings I look at what I think the Royalty company will be worth. Then look at EPL's exciting properties, especially Vulcan and then what $$$ amount does Terralogic add to the value.
As mentioned before a long time ago my first target was 30 cents which I raised to 40 cents based on how well Terralogic was doing. Then once I got to know how much the Royalty side was worth I then raised the overall value of just EPL at 80 cents to $1.10. So as it stands pre- spin off that would be my target. This target will change as more news is released, re properties and just Vulcan. Any increase in Terralogic earnings. Any major increase in the stocks that EPL owns of other companies and royalty payments commencing as production begins. As you can see it's all very fluid and with the POG settling just below $2,000 all very exciting.
Hope that helps.