GREY:ZARFF - Post by User
Post by
red911on Jan 22, 2016 6:55pm
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Post# 24485971
$4.84 NAV...
$4.84 NAV...Like what I hear here. NAV $4.84/share which even includes allowances for bank debt, debenture, and working capital deficiencies. They also talk about strategic alternatives. Financing, merger, asset sale. Oil will likely increase from this level as we move into the second half of 2016. I think these streamlined ops will pay dividends to those buying at this level. "Zargon's year-end 2015 produce-out net asset value is calculated to be $4.84 per basic share. This reflects McDaniel's estimate of the Zargon properties' proven and probable future cash flow using a before-tax 10-per-cent discount rate and forecast prices and costs plus an independent appraisal of Zargon's undeveloped land less an allowance for the year-end bank debt, the full future face value of the $57.5-million convertible debenture and working capital deficiencies."