OTCPK:VGIPF - Post by User
Post by
InvestorSuperfanon Jun 01, 2013 1:30pm
238 Views
Post# 21478339
RPL's Silence is Deafening
RPL's Silence is Deafening A mere $10M increase in the credit facility tells me the banks are keeping RPL on a short leash.......RPL probably getting lowballed on potential asset sales.............I assume the banks wanted to know RPL's plans before increasing the credit facility one more dime, so when are shareholders going to find out what the plan is going forward?........the plan must be presented in it's entirety to shareholders via news release: asset sales, dividend cut/elimination, debt paydown plan, etc.........you don't ask for an increase in a credit line unless you are concerned you are going to be coming close to hitting it.....maybe the plan will turn out to be: keep all assets, cut the dividend in half, keep the debt high in the short term, and milk the SE Sask and Viking assets and sell at the hedged prices RPL has in place....?......hard to justify selling assets if you are not getting near fair market value for them..........probably getting lowballed with takeover offers as well..................