RE:RE:RE:RE:RE:D. Beaudet...Dbeaude,
I'm no trying to be big and bad, nor am I attempting to pick on you personally. This board is for thought. People on here and other sites are posting conclusions as to TID's value based on specific metrics, one of which is EBITDA multiple. This is an extremly important metric because the difference between 4X and 6X is huge.
If you presented your argument to just about any well trained analyst, one of their first questions would be, how did you determine the multiple. That's all I'm asking. How is it that you think TID is worth 6X when Tuscany itself is doing deals at 4.2X for Drillfor and 4.7X for Caroil? These numbers are clearly shown on TID's earlier presentations. You state an incorrect range of possibilities, 4.4X and 5.2X is too high.
Bankers are quoting 4.5X currently, well below 5X-6X. Someone is right and someone is wrong. If you are right, good. Just prove to the audience why we should expect TID to sell for higher than what banks quote and what Tuscany is doing its own deals for. Things do change, so perpaps being in these areas now warrants a higher multiple. I don't know, but you seem to allude that you do know.
If you do not, then just revise your estimates and learn from the garbage in garbage out flaw that many suffer from in finance. Believe me, I want you to be right. I want to be proven incorrect because that means TID is worth much more than my model calculates.