GREY:NOVUF - Post by User
Comment by
largeinveston Jan 08, 2013 1:16pm
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Post# 20810635
RE: RE: RE: RE: RE: RE: RE: IR on holidays until j
RE: RE: RE: RE: RE: RE: RE: IR on holidays until j To get to $1.25, your saying they would only sell for $75k per flowing? Doesn't make any sense.
$75k x 4200=315 million
-65 million debt add $18 million option proceeds $268 million
212 million shares out
=$1.26
Why would they sell for $75 per flowing when the most recent transaction went for $95k. Granted that transaction was 95% oil and we are only 85% oil, but that doesn't lead to a 20% reduction in the price paid because the gas portion is 10% more.