TSXV:ART.H - Post by User
Comment by
justin_a_lyesseon Feb 12, 2010 11:12am
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Post# 16780172
RE: Crunching numbers
RE: Crunching numbersSo basically you are saying that even if they hit 1.5 billion barrels the SP will not rise? And that's why they would have to issue another 200 million shares to raise 140 million dollars? (at 70 cents a share)
If they hit 1.5 billion barrels the share price should rise to at least $3 to $5 per share. They would need to dilute by only 40 million shares to raise capital.