TSXV:PEC.H - Post by User
Comment by
cartoneton Mar 13, 2014 8:10pm
204 Views
Post# 22320775
RE:RE:RE:Surprise!!!!! $ News
RE:RE:RE:Surprise!!!!! $ News
PEC will sell 90% of their interest in Mohave which holds all the interests in Portugal in exchange for 10-15 M so then they can have one last shot...
Since PEC basically has no money, you can assume if 90% is sold for 10M , the remaining 10% interest which we PEC shareholders get to hold is worth about 1M divided by 200M shares = 0,05c a share. That is where the share price should be tomorrow. But since this means PEC gets to have another one last shot at drilling we might not tank that much after all, who knows... Hope no one invested the family´s jewels here !!! lol