GREY:WFREF - Post by User
Post by
bosseon Sep 03, 2013 9:01pm
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Post# 21716212
Novus buyout..
Novus buyout..
When you see a buyout of Novus at $1,18 for 189,000,000 shares and producing 3452 BOE (80% oil) what do you think LRE is worth..???
LRE has a production of 25000 BOE/d So a quick ball park figure should gives a $18,00 /share for LRE.
Price tag : $320,000,000 for Novus buyout
So LRE at 25000 BOE/d shoud be worth $:2,317,000,000 or$18,68/Sh
Just to say that LRE is way undervalued and it might be our turn in the coming months.
Let's continue to be patient and the reward will be greath!!!