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Fairborne Energy Ltd T.FEL



TSX:FEL - Post by User

Post by Golongagainon Mar 16, 2012 5:25pm
492 Views
Post# 19683255

GOLONG says . .

GOLONG says . .

$260 mil debt is the problem. Offers will hold this against you.

$550mil  in tax credits washes $250mil to the positive.

Premium for FEL . . Hmmm???  Book is $5.54. They have quality lands, but 80% NG.

I'll do more DD, but not excited yet.

Too bad. I LOVED these guys a year or so ago.

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