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Bullboard - Stock Discussion Forum Altai Resources Inc V.ATI

Alternate Symbol(s):  ARSEF

Altai Resources Inc. is a Canada-based natural resource exploration and development company. The Company has a portfolio of natural gas, oil, and gold properties in Canada. It has two natural resource properties, all in Canada. Two of the properties, both in Quebec, are in the exploration stage. The Company has approximately a 45% net working interest in an oil-producing property in southern... see more

TSXV:ATI - Post Discussion

Altai Resources Inc > Quebec compensation.
View:
Post by rarihokwats on Nov 16, 2021 1:29pm

Quebec compensation.

Hope we get a nice compensation from Quebec govt for all money wd have spent. That's around 25 million. Outstanding capital around 57 million. Hope to be fully refunded but my guess is they will pay maybe half. But you never know. Need a fair deal. What are your thoughts fellow investors??
Comment by ajc1 on Nov 24, 2021 6:52am
what # does the pq govt look at to refund 25mil or 57mil? thx
Comment by rarihokwats on Nov 24, 2021 1:56pm
Of course they will look for the least costly pay out but it has to be fair. So I think it will come down to 25 to 30 million. But that's my thoughts. If they are generous it could be double and if you look at all the profits that could have been made that would not be out of the question.
Comment by ajc1 on Nov 24, 2021 3:39pm
thx for your insight 
Comment by rarihokwats on Nov 25, 2021 8:36am
ii) Natural gas interests Sorel-Trois Rivieres natural gas property, Quebec As at September 30, 2021, Altai holds 100% interest in five oil and gas and reservoir exploration licences in the Sorel-Trois Rivieres area, St. Lawrence Lowlands covering 68,483 hectares (169,225 acres). The Company also has a 15% gross production royalty from an adjacent licence (and its successor licence) of 13,290 ...more