GREY:GRDSF - Post by User
Comment by
kenalamoson Mar 07, 2010 9:36pm
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Post# 16853911
RE: I think GSA is a target...
RE: I think GSA is a target...Agree.
Using the valuation for what VST paid for the additional 10% interest, GSA should be trading at, at least .38c, discounting everything else, and no premium to boot;
FACT: 2.7B bbls in Qara Dagh on initial reserves report (GSA owns 6%)
FACT: Drilling this month, no word of any delays
FACT: owns 60% interest in Egypt WKO block (operator) with recent discoveries close by
FACT: Own assets in Guyana (1982 discovery by Home Oil) - drilling by June?,
FACT: Market cap at last trade = $21M
FACT: Outside of 6% in black mountain, other assets are in political stable countries
Assuming someone, or parties to shake this tree, they must also be accumulating as well. It seems like this has been going on since the start of the year based on trading volume/price.
Facts are too obvious, and there has been no pr to indicate WKO (other than the property swap, which is better for GSA) and Guyana assets would be any less than when previously announced. And, WKO and Guyana are political stable regions. What gives, any other opinions?