RE: RE: LRG share count surely seems like a bad deal to me, at least in the short term for sure.
Give away 75% of Idaho, which the pumpers here claim is worth many many millions, for $1/2M?
So you got 25% left, thus the value of pem will have to increase 4 times, just to get back to 100%.
They have years to do their drilling, so we sure arent going to make our money back in the next couple of years.
Besides that, figures people are quoting here indicate the buyer doesnt have the exploration money that is required to fulfill their obligations, so where is that money going to come from?
So , now we have 25% of idaho, with no hope of it generating any cash for years.
That leaves Montana, which they still have no money to do anything with, even if they wanted to.
And what is in the ground at Montana? PEM doesnt seem to want to say.
One poster he says he has been watching the Montana saga for 10 years. I hate to say it, but the rest of us will still be here 10 years from now, waiting for Idaho to generate any money. And who knows how long they will wait to give us any indication of the real value of Montana.
Seems like a bad deal to me...
GLTA.