RE:Go listen to peters co presentationSigmaKappa wrote:
Additional non core sales in q3 to reduce debt. Well costs have come down further and expect further decreases in 2017 costs that do not show in presentation. Do not want to dilute equity. Only do it for future potential acqs. They also say they were very very close to a massive acq.
So in other words they are going to issue shares to buy something? thats part of the reason its trading down then... They would have to issue a hundred million shares, or dilute by 50% to get enough money to buy anything worth while...