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Arcan Resources Ltd ARNBF



OTCPK:ARNBF - Post by User

Comment by LongoGlueStickon Dec 06, 2012 7:11pm
284 Views
Post# 20695423

RE: RE: It's just a matter of time, and how much.

RE: RE: It's just a matter of time, and how much.

Since Petrobakken bought a little while back, it put ARN into play as a takeover candidate.  Obviously CPG saw value at $5 so now the question is will they let this asset go at this cheap price or are they going to fight Petrobakken for it.  Petrobakken got in at .89 so I bet the people at CPG are p-ssed about this.  I know that the debt is high but it is the reserves that they want. 

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