Post by
JDavis17 on May 22, 2018 8:35am
A dollar and change might take it
Velvet is right about one thing, IBR has a money problem. They would have to do a financing to ramp up production. So for shareholders, the choice is to suffer that dilution, and hope further drilling continues to be good, or take a reasonable offer.
I think Velvet really wants IBR's land, as it would increase the efficiency of their own operations, so they will up their bid.
The wild card is the potential for LNG Canada to give the green light to their BC coast LNG export terminal, which would provide a big boost on the natural gas side.
So IBR shareholders find themselves in an interesting spot, take the bird in the hand, or take a chance on the flock in the bush.
Regardless, 75 cents is an insult.
Comment by
SigmaKappa on May 22, 2018 8:58am
Could eaily do some lein debt on the asset.
Comment by
SigmaKappa on May 22, 2018 8:59am
If you want to split hairs i posted velvet buying them quite some time before you.
Comment by
JDavis17 on May 22, 2018 9:02am
Considering you only started posting on IBR a month ago, that is questionable.
Comment by
SigmaKappa on May 22, 2018 1:12pm
You arent very smart. My other posts are on rmp board. I posted july 2017 about velvet as tgere was chit chat in calgary.