Post by
Nergy on Jun 06, 2022 9:46am
Good deal
as usual.. The new company will probably not be valued to more then 0.25CAD/share, but that's fine with me I know more value will unfold here in coming years....
Comment by
nozzpack on Jun 06, 2022 10:21am
Indeed it is. With oil at $120, Andora is very profitable with massive reserves to build on. Nominally $1.13 per share, the Angora asset will prove to be the far greater asset within 2-3 years
Comment by
kelsterman69 on Jun 06, 2022 10:22am
Well as of the moment I'm writing this we are trading $1.04, so I guess that means $7.1 million in cash and Sawn Lake is worth $0.05 cents a share to the market?
Comment by
Nergy on Jun 06, 2022 2:46pm
The thing here is this gem will be a waiting game for 2-3 months to begin with to get a 20% return. And maybe 2 years to get another 100% return. Not much patience in the current market, everyone is chasing 20% gain/ day