GREY:ROAOF - Post by User
Post by
waterboy100on Jan 01, 2009 2:35pm
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Post# 15676434
OIL vs BVX
OIL vs BVXBVX just sold 2/3 of a parcel for 30 million. We just got 100% of 5 and 50% of 3, surely we can sell some of those or is it maybe why RBS suddenly reversed their decision to back OIL. RBS, which is majorityly owned by the government knows that if OIL goes BK, those parcels go back to govt and then they can sell just those new parcels for well over 250 million at recent prices. Can OIL not sell some of those parcels ?? How does that work