RE: RE: RE: RE: RE: RE: Breakout? ok, i think i figured out the FD count. it is 208m per Jan presentation + 20m secondary + 10m secondary warrants + 4m loan conversion + ~7m convertible = 249m FD. the share count on MRP website is clearly wrong!
note that 64m of FD shares is in warrants at 40c+ so when it goes for 40 cents you get an enterprise value of ~80m...and screw up with the warrant holders - and shareholders.
at 60 cents the enterprise value comes around ~120m which is about the value of 15m barrels at $8 per 2Pbbl - and represent 100% premium. i consider this a conservative estimate.
of course everything depends on the 2P reserve number!!!
Please post justifications for your "from the top of the head" takeover values....