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Bullboard - Stock Discussion Forum Petrominerales Ltd PMGLF

Bullboard (GREY:PMGLF)

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Comment by Squint1on Oct 04, 2013 2:51pm

RE:RE:RE:RE:RE:RE:RE:RE:A little puzzling whats going on

If you sell right now you get the market price - $11.85 - as I type.  If you hold until the closing date, you get $11.00 PLUS a share in the new company that is worth an estimated $1.80 (per RBC) ...more  
Comment by Russmovon Oct 04, 2013 1:56pm

RE:RE:RE:RE:RE:RE:RE:A little puzzling whats going on

I was just wondering if the take out price is going to be 11 dollars , why people are willing to spend above that price?  Also does it make sense to hold onto this when it is trading higher than ...more  
Comment by Squint1on Oct 02, 2013 1:08pm

RE:RE:RE:RE:RE:A little puzzling whats going on

$11.70 x((1.35)^(3/12)) = $12.61 or 8% every 3 months compounded for a year is roughly 35% per year. 
Comment by gas6Idi56on Oct 02, 2013 12:55pm

RE:RE:RE:RE:PMG CEO Corey Rat tan Really Messed Up Needed To Sell

Poor CEO PMG Corey Rat tan Canacol energy Next Colombian buyout.  
Comment by Squint1on Oct 02, 2013 10:11am

RE:RE:RE:A little puzzling whats going on

The offer is $11.00 cash plus the Explorco shares which hold $100 cash or $1.13 per share plus lands recently purchased for the remainder.  RBC says $1.80 per share as in the note below.   ...more  
Comment by Squint1on Oct 02, 2013 9:22am

RE:A little puzzling whats going on

Because it is cheap.  The offer is worth $12.60 - $12.80 and will close by year-end.  Pretty good retrun to buy now at $11.67 - about a 40% annual return.
Comment by razielon Oct 01, 2013 9:55am

RE:RBC Value of ExploreCo @ $1.80

Oilwatcher, could you give the site to access the share price if ExploreCo.  TIA
Post by oilwatcher13on Oct 01, 2013 9:06am

RBC Value of ExploreCo @ $1.80

Preliminary Valuation of ExploreCo: Based on cash and a mark-to-market valuation of the Alvopetro deal we value ExploreCo around $1.80/share. The $100m cash position moves to $90m on completion of ...more  
Comment by 939on Oct 01, 2013 12:22am

RE:RE:RE:RE:RE:RE:Share Value of ExploreCo

Thank you, for all of the informative responses.  I appreciate the help!
Comment by gas6Idi56on Sep 30, 2013 10:53pm

RE:RE:RE:PMG CEO Corey Rat tan Really Messed Up Needed To Sell

Canacol energy Good management vs PMG idiot CEO Rattan this idiot took PMG from $30+ to $11.  Facts are facts!  Sell all PMG Buy Canacol Colombia's next buyout in oil patch...you Were ...more  
Post by stockwinner3on Sep 30, 2013 9:47pm

Top Pick James Hodgins

https://watch.bnn.ca/#clip1014073
Comment by Storckon Sep 30, 2013 7:07pm

RE:RE:RE:RE:RE:Share Value of ExploreCo

The NR states that the $100M cash will reduce to 90M as a result of their purchase of the partner's 25% share in Alvopetro, the Brazilian affiliate. ExploreCo will therefore have 100% of the ...more  
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