Lightstream Resources Ltd. LSTMF

RE: RE: RE: RE: RE: Anything wrong with PBN?

[nlr2]

Before the recap Result was basically valueless. They used the money from the deal to buy Nexstar which had cardium land. The argument could be made that PBN should have bought Nexstar before Result did. Also since Result's management is former Tristar people why exactly would they sell all their share? If they kept theirs from the initial deal they will probably add these to their existing posistions.
As far as overpaying in the Alberta land sale the average price was 160,129 per section. The Result deal values their 150 sections at 3.2 million. That is disregarding the value of any other assets the deal brought. So its probably lower over all but not by a bunch. Hopefully the land that Result and Berens had is more proven and higher quality then what was at the sale. Also will the value jump if the new royalty review is favourable? 
Lastly their is no opportunity for further growth in the Bakken unless PBN bought Painted Pony or Legacy, as they are the last major juniors. So really the Cardium is the best growth opportunity existing in western canada where land is available. If it proves out these deals will look brilliant but if not they are survivable. I think this new focus is killing the stock price because of the stupid name choice. People expect only Sask. and are getting all this alberta noise that they don't want. 
Just my opinion,
NLR