GREY:CLLZF - Post by User
Post by
oilnvstron Feb 21, 2012 9:11pm
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Post# 19564393
Reserves Report
Reserves Report Feb 21 reserves press release shows value of reserves $2.5b. Take away $1.25b debt (after interest payments) and that leaves $1.25b for us poor shareholders = $2.5/sh.Thats probably the high case
The actual purchase price will very likely be lower because buyers will be scared by large decline in P3 (contingent and possible resources), as well as a dramatic change in how the project will be constructed.
Value of refinery is not mentioned
It'll be fun tomorrow morning.