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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Comment by perdikaoilgason Jan 01, 2014 5:40pm
189 Views
Post# 22051223

RE:A Fraction

RE:A FractionDo not confuse the cost with the current value. 
The current market value is always different from the initial cost.

Since TID's heli rigs are almost  5 y.o., their current market value is 15-17 million each.

Actually, if the sale price is truly $18 million, it will be a great price.

This is also good for the balance sheet.  Based on the existing depreciation and amortization figures, TID's intrinsic value will not be reduced by more than 1-2 cent per share.
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