RE:RE:Black Spruce takeover?
Ellen
My understanding was that now SHP have shifted $2m from cash to contingent they have created a cash shortage of $1.4m this coupled with the mentioned renewal fees is going to be a difficult gap to fill and what will be the placing price or cost of funds? With Fraccing subject to statutory approvals and all the implications of environmental assesment costs this is going to be a big ask IMO.
Just speculating on the risk and reward for BSE and how much that extra 40% is worth to them.
ENEG gave 10% away for £1.2m with the only difference being that ENEG are not a one trick pony anymore. Remeber our previous conversation about a NOI consolidator? BSE have ambitions and I would put money on something like this happening if I could find out whose behind and backing Foothills.