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Altima Resources Ltd V.ARH

Alternate Symbol(s):  ARSLF

Altima Resources Ltd. is a Canada-based company, which is engaged in the exploration for and the development of petroleum and natural gas in Canada. The Company is focused on acquiring undervalued oil and gas assets, exploiting existing low risk high return asset enhancement / development / optimization opportunities. The Company acquired petroleum and natural gas properties in the Red Earth oil property in Alberta and a number of smaller assets in Alberta and British Columbia. The Company's subsidiaries include Altima Resources Ltd., Unbridled Energy Corp., Crimson Oil and Gas Ltd., Unbridled Energy USA Inc., Unbridled Energy New York LLC, Unbridled Energy PA LLC and Unbridled Energy Ohio LLC.


TSXV:ARH - Post by User

Comment by digger69on Feb 23, 2017 12:02pm
150 Views
Post# 25883414

RE:RE:RE:RE:RE:RE:Is It Worth It?

RE:RE:RE:RE:RE:RE:Is It Worth It?When you have time check out the company's filings on Sedar it explains the plan moving forward. Consolidation is key for them moving forward its just a question at what price will they consolidate at and what ratio.. They hinted towards wanting a float of 22M shares but didn't say at what price or when. 

After following and trading this company for awhile now I've seen the new CEO Joe DeVries purchase several million shares on the open market from .025 up to .06 cents with a huge portion around the.04 - .055 range.

So I ask myself, what price will they settle on to consolidate that is acceptable to the TSX and friends? See how far they can run it up is my best guess...

Who knows for sure but that's the gamble here!
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