GREY:MKRYF - Post by User
Post by
Marlbankon Oct 24, 2013 2:25pm
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Post# 21846242
Enough of the sell-off, already!
Enough of the sell-off, already!
This must be more to do with Tim de Freitas' departure than any recent news or a 10% dilution. The way I see it, MEI heads into 2014 with 5500 boep/d production, just 25m in debt (post-financing), 80m shares fully diluted and two core areas. Stolberg looks reliable for 20 or more drills, Quirk Creek remains a wildcard and the drillling at Entice looks like a Turkey Shoot for years to come. As much as I get worried, I must reassure myself that this is big money pushing the price down to scoop up shares on what they know to be a no-brainer.