RE:Value of Beaver River compared to the Market Cap ????
Very good observed Energia. I can’t help you with your question about the low interest in Canada since I don’t know this market. But I know about Kotaneelee and I have also discussed the same math that you have done with David. Hi gave me this comment for a week ago: “We would argue our acres are valued more highly for the Nahanni and better shale section. “
They announced that they were expecting an offer for BR before year end 2013. This must have been delayed, but I don’t think it’s stopped. I know these discussions have been on-going for a while so I therefore believe David has a pretty good Idea of what the market price is.
I have done a lot of investigation about this possible BR offer, and all signs are pointing in direction of Nexen (but I am not 100% sure).
I can tell you one more thing. It seems like the management has gone into a “silence” mode the last days. No e-mails has been answered to me or any other shareholders I know. I think they are at the final stage of something, and to prevent any leak they have just stopped answering e-mails.
I have bought what I can afford in Norway to a Higher price than you can pay in Canada, and I have big problems understanding those who are selling at CAD 0.03- 0.035 when there are so many things on-going at the moment. (Yes I know there is a risk, but it’s also a hell of an upside)