GREY:ZARFF - Post by User
Post by
hawkowl1on Nov 21, 2018 4:51pm
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Post# 29007000
I will be voting yes to this proposal. Thinking of adding.
I will be voting yes to this proposal. Thinking of adding. I consider this the first major step towards selling the entire company. Everybody looking into making a deal with Zargon were simply not interested due to fact an all share deal for common and debentures was not possible.Debentures had to be paid out.
. Who would have wanted to finance $42 million for retiring debentures.?
With debentures converted this makes it now possible for any entity that might have been interested in Zargon to now take a second look and make a all share offer.
Zargons true potential should be evaluated at a production rate of 2500 boe. They can quickly get back up there with some drilling and reactivation pending better pricing and more stable natural gas prices. A lot of positives need to happen of course . The worse is over IMO....U.S properties alone worth $25 million. So 18 cents per fully diluted share late 2019 or early 2020 is realistic. Notley will be gone in spring 2019. Hopefully Trudeau in October.2019. Then it will be a whole new ball game.