RE: RE: Good consolidation hereThe $7M sure gives some options. The sp is below cash so can't go wrong. It seems that the financing is still hard to get for junior energy companies and IFR should be able to move on other companies looking for cash in exchange for near production or producing assets. Seems like a bunch of companies got a lot of debt prior to the market fall put and were forced to do just that (SLV, CMT come to mind).
I like the potash decision today. Maybe it is a stretch to read too much into it but the retention of "strategic" resources seems more important to the conservatives then it was to the Liberals. Pipeline would be in line with the agenda of Northern development, Northern sovereignty and control of Canadian natural resource assets. The pipeline would be a net benefit to Canada.