OTCPK:WSRLF - Post by User
Comment by
john_galton May 30, 2011 1:40pm
690 Views
Post# 18645044
RE: WZR
RE: WZRPlease explain why a take out is a good outcome. One can only assume you are a short term investor if this is the case.
A take out at this stage would be a very poor outcome for anyone interested in this as a pure play. This would be akin to purchasing something like MEG or Laricina and then getting taken out by IMO. You bought because you believed in the resource, long-to-medieum term potential, and the fact that it was a pure play on a particular resource basin or geology.
Further to this, as an early stage contributor to the development of the resource... you (we) get virtually no upside by swapping paper with a non pure-play counterparty. In other words, we are taking all the risk and diluting the upside away into other conventional assets a potential purchaser has on it's books.
Best,
JG