OTCPK:VREYD - Post by User
Post by
sureshotzon Feb 13, 2013 5:19pm
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Post# 20984321
Trading/ Rumination
Trading/ Rumination Could possibly be related to financing a transaction/acquisition, however they do have a bank line for $100mm undrawn at moment. Obvious bet here is Argosy Energy which shares surrounding land at Monarch (around 35 sectons). If Monarch is good - Argosy is a steal.
Other thing to note is that TOG also has some warrants which will be forced to exercise around 2.40 ( I believe) so a lot of cash could show up in kitty once stock moves