RE: RE: RE: Very Fair Offer They will still have 18.75 million warrants at 30 cents from final PP in May plus the agents warrants of 2.25 million at 20 cents which will bring in another 6.075 million when exercised which they will be since offer when u add the 21 million to existing 188 is 209 million fully diluted oustanding shares into 72 million canadian as they said the offer was 45 millin british pounds which equals that. So offer is 72 divided by 209 is 34.5 cents. But if they wind down the company then that extra 6 million is added to the payout so it would be 78 million divided by 209 or 37.3 cents per share. This assumes this is a done deal but think we may see some negotiating come monday morning and the final bid may be 40-45 cents with the warrant money adding another 3 cents for a final payout in the 43-48 cent range. VERY NICE Payday indeed for those who got in just recently. Must say that the notice of the finalisation of the Vallares/Genel deal and Haywards comments at the end of November put me onto this again as I had been monitoring it closely and jumped back in on the announcement of negotiations. All the best to all Longford longs in 2012! Anyone looking for another great oil play that is finally having its day after almost 12 years is CGX Energy down in Guyana, gonna be a very interesting 6 months for them with TWO huge holes being drilled. It has the potential for a 10-20 bagger in the making!, as they are chasing billions of barrels :) All the best to all!
Longrider