TSXV:WEII.H - Post by User
Post by
optalon Dec 09, 2017 11:31am
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Post# 27123514
Value of PMA
Value of PMAAt the end of the day someone(management) need to give us some idea of the valuation. Dilution will result when the 70M shares are given out in January.we will be a company of 170M shares.
1TCF undeveloped gas is worth 1 billion Canadian. Retail it is worth 5.5 B in canada.
We get 10%-5% of gas (net) in sidi moktar. The math can be ridiculous.
Time is on our side. James has started talking about sidi moktar because I think the gas is needed for the phosphate plant and they are talking of the drilling next year. This is a change from ignoring us to maybe making a reasonable deal. We should not sell the PMA company short. They have the goods. How much is the question......What is management thinking about valuation?