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TORO OIL AND GAS LTD V.TOO

"Toro Oil & Gas Ltd is engaged in the acquisition, exploration, exploitation, development and production & transportation of oil & natural gas reserves."


TSXV:TOO - Post by User

Post by stoneycurtison Sep 22, 2016 3:19pm
291 Views
Post# 25267071

Q2 results

Q2 resultsI find the Q2 2016 MD&A to be laughable in that they say they have raised $57 million in capital since the recapitalizaion (actuallly, $69 million if you include the production royalty agreement) and that their market cap is $24.7 million as of August 29. So they are basically telling you "we took $69 million and turned it into $24.7 million" (actually, it's $17.92 million at today's price of $0.16/share). Very impressive! Not too difficult to see why there is such negativity on this board. 
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