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Mira Resources Corp V.MRP



TSXV:MRP - Post by User

Post by denaliguideon Dec 05, 2011 12:04pm
404 Views
Post# 19292313

The Most Salient Fact in this Drama is:

The Most Salient Fact in this Drama is: THE hole they just did, Can, Will and Does deliver a minimum of 2500 BPD of API 41.6 degree crude oil. Fairly good security for getting some more development money, dilution or not. Now lets say for giggles with the convertible issue out, we have 200 mil shs out, and an in-tact $2.00 Potential Technical Stock Price Objective. Lets do another convertible deal, get the money, and start production on this 4 KM stream of 41.6 deg API crude oil.Say we double the cap to 400 mil shs, and now half the technical stock price objective to $1.00 due to the dilution. Does that make this a bad buy at .135 cents per share, IMO, no, and therefore even though I just kinda got screwed by the objective halving, this is my story ( stock ) and I am sticking to it.Now watch someone try to make it close under .13 cents for the week in order to screw the pooch on the Technical Price Objective, this should be fun ! ! !
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