GREY:CLLZF - Post by User
Post by
beebop7on Mar 22, 2009 8:58am
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Post# 15861269
Bankrupt
BankruptImho ,I think this company has been so miss managed it could go bankrupt , making it the first producing oil sands company to go under in the history of the Canadian oil sands , what a black eye for the oilsands & Alberta .
The interest paid semi anually on their convertables pretty much squashes any cash flow they might have & besides that they are in default position for any thoughts of getting Algar going. There is a Agm coming up & I am hoping Resolute presents a offer that can't be refused, it takes big money to be successful in the oil sands & the econmic times dictate this is a big boy game , come on just get us fair value for this company & assets & let the big money run it.