RE:RE:RE:Dale Corleone said Dale and his team can say very little about potential asset sales until a deal(s) is finalized and the two parties make their news announcement. I definitely don't think we can assume that they can't sell anything for $25 million. I think Attachie and Tower can each be sold for over $25 million.
I have less confidence in selling the heavy assets, but for sure the asset value and cash flow has increased significantly in 2021. I think $25 million may be on the low side.
I have no doubt that parties have inquired about both Attachie and Tower. I feel one or both of these assets are sold before year end and take the share price to the $2 mark.
With unexpected cash flow from the unhedged gas especially in the 2nd half our debt will be reduced. If we sell at least one asset which I believe is likely our share price will have a very nice increase. We will have very manageable debt, without losing any significant assets (really better shape than Kelt - which also has a great future IMO). Obviously Crew can say very little about asset sales but the fact that they are mentioned gives me the confidence that at least one happens before year end.
i did reduce my shares a month or so ago ( have since rebought), but I cannot risk reducing my investment in Crew again as I don't want to miss the cease trade announcement when an asset sale is announced. Unfortunately we don't know when this announcement will be made. I have a feeling a sale is made before or just after Q2 results are announced.