CanAsia Energy Corp V.CEC

Residual Book Value ex $0.40

[nozzpack]

It's  $32.3 million which is about $0.65 per share.
This includes $24.6 million ( about $0.50 ) for Thai investment....ie reserves

Lets see how the share price unfolds over the next month or so..

[nozzpack]

Much like I thought today  so far. We shall now have to wait a few weeks for the updated corporate presentation to be posted on its website . At that point ,there is more certainty about other corporate developments being pursued.

[radcat]

For a guy with no skin in the game you sure like to tell us investors what the POE future holds. The share price didn't collapse to $0.60 dispite the fact that over 250,000 shares traded. Please take your expertise elsewhere. I find you Nozziating!

[bullhorn3]

Our friend recently commented "One wonders that if Valeura can acquire cash flowing assets to pay all operating expenses and do so on the cheap , it's excess cash and modest CV debt might provide the solution for the Deeps." If POE can be bought "on the cheap", could its cash flow pay for VLE drilling?

[nozzpack]

Valeura has $54 m in cash and looking to acquire producing assets in all areas outside NA. POE is one of those targets in my opinion . Its not ideal due to limited Reserve life, but it does flow cash . So, if they can pick up those Reserves in the $25 range, then we can have our cake and eat it too. Its a logical supposition on my part and the price justifications are mine. VLE is totally risk

[Lucky2021]

May be POE can pick up your Valeura assets for 25 mil after we sell Andora project ;)

[radcat]

Then we can take their $54 million and pay a $1.10 distribution to POE shareholders. Works for me!

[Nergy]

When a new clown shows up on a message board advising everyone to sell, it's usually better to put that indvidual on ignore instead of nozzdiving. The main purpose is normally not to give the community good investment advises.

[bfw]

Yeah, it was a dead giveaway that he was a badger from the beginning. Imagine an intelligent investor not knowing what an ROC is? bfw