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NORTHERN BLIZZARD RESOURCES INC T.NBZ

"Northern Blizzard Resources Inc is engaged in the exploration, acquisition, development and production of petroleum and natural gas reserves in western Canada."


TSX:NBZ - Post by User

Comment by xbox360on Jan 12, 2017 3:41pm
169 Views
Post# 25701104

RE:RE:RE:RE:RE:TonyDj

RE:RE:RE:RE:RE:TonyDj7% return on about 20% of your investment so net return is like 1.4% = 20% x 7%, because you are only getting like 20% of your total shares bought back.
The risk is if share price falls by more than 1.75% = 1.4% / 80% on the remaining 80% of the shares not being bought back then you are at loss.
So, I wouldn't just buy the shares for the sake of getting the $4 bid tendered. There is high risk exposure unless you are already a long term shareholder of the company. In which case, your money is already with nbz so there is no change in your risk portfolio.
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