OTCPK:ATGYF - Post by User
Comment by
einstein54on Feb 28, 2009 11:41am
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Post# 15810846
RE: Antrims UK Banker.
RE: Antrims UK Banker.IMO, The 43% ownership of the Government in the Lloyds Group will be in the best interest of AEN. It is in the best interest of England to keep North Sea energy out of the hands of countries that could hold it hostage or keep for their own use, the energy in Englands back yard. I would think a Canadian company like AEN would be looked upon as a favorable partner/financier in AEN's assets in the North Sea. With $50 million in cash and a positive cash flow from Argentina, clearly in this difficult market I view Antrim a being in an enviable position relative to many other explorers and developers. The current SP has little relation to the asset value behind the company and more to do with the perceived requirement for future debt and the associated potential for investor dilution.
Regards Einstein54