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Mira Resources Corp V.MRP



TSXV:MRP - Post by User

Post by Public_Heelon Nov 24, 2011 8:59pm
362 Views
Post# 19266028

Mart cash flow and .55

Mart cash flow and .55 Even at the choked-back flow that AGIP is inflicting on them, they would be picking up $120k/day POST-TAX PROFIT, and that's for profit oil. Really, they have a LOT of cost oil yet to go, so they're really getting more like $300k/day. At that rate, they would have an additional $19m by the time Mira gets its rig back (assuming they get it back on time) and, between that and continuing cashflow, they can fund TSB-3. Anyway, it ain't going to happen, because neither management team will give up any power. Besides, all the signoffs they would need from the Nigerians might take a year. So it's just wishful thinking. As for 55 cents, no, I don't think Mira will surpass that, especially not for the required month. We'll see who is right. I have a lot of money on Mira, so I won't mind being wrong.
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