TSXV:AAA.P - Post by User
Comment by
Ethanbrodieon Mar 04, 2013 11:02pm
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Post# 21077716
RE: Anybody besides me notice...
RE: Anybody besides me notice... Right now, all over the tsx venture, it is a very tough place to be. So yes, this could go lower. There will be less than optimal terms, but remember, they can get most of their cash from banks and debt. Ther rest is offtake and a bit of equity. I believe in these conditions, farhad will do something like the nova deal. Not necessarily the same thing but less dillution and more of a long term value play. So yes it may be less than optimal equity raise but there will probably be a longer term upside with allana. It is unfavorable envirnoment but much more favorable than wpx or companies that need billions of financing. We just had an initiated coverage with a target of 1.25. everyone who covers our company believes that we will be a sucess. and sure we may not get the 10 bagger near term like we would if it was a more of a bull market. but I definately see some major upside. despite our shareprice.