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Petrominerales Ltd PMGLF

Energy Oil & Gas E&P


GREY:PMGLF - Post by User

Petrominerales Ltd > Inside
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Comment by pokerbeekson Oct 05, 2012 5:07pm
181 Views
Post# 20454724

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Inside

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Inside

They are maxing out what they can legally buy under the NCIB rules.  I really like this play.  As I'm expecting to be in this for several years I'm hopng this stays low for a while allowing them to continue to retire shares at these depressed prices.  The risk of this strategy is it increases leverage but I feel they wouldn't be doing all this buying if they had any worries about their cash flow situation.  

Best case is the stock pops and they can re-issue these shares to the convertible note holders at 18 bucks,  saving a bunch of money for the company in the process.

Now lets hope they don't keep turning up dusters...

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Dealroom for high-potential pre-IPO opportunities