UNRISKED ASSET VALUE $ 2.4 BILLION Hello Everyone:
If possible join Swisstime on private chat board, now 83 members, since conversation in private is done in adult manner compared to high school chat here.
Check the Genel presentation and it states that Chia property has unrisked oil of 60 million barrels, yes that means at 0 RISK of which the LFD share is 40% or 24 million barrels of oil. If you multiply 24 million barrels of oil at $ 100 per barrel you get an ASSET VALUE belonging to LFD of $ 2.4 billion (UNRISKED).
If I were to sell you $ 1,000 new computer for $ 80, would the buyer be happy with his purchase by paying 8% of what asset is valued?
So if a buyer offers LFD 8% of 2.4 billion asset value or abotu $ 180 million which is $ 1 per share, should they not be happy about a detal.
And there is the potential for this property to have 300 million barrels of oil unrisked.
One thing is certain, it says UNRISKED 60 MILLION BARRELS. That is a valuable property.
I expect news by end of next week, on 2nd offer, this time closer to 55 cent to 60 cent level, again from Genel.
So what should you be doing knowing this?
JMHO