GREY:SHGCF - Post by User
Comment by
mike49on Apr 01, 2014 6:06pm
192 Views
Post# 22397949
RE:Reserves $5.23/sh, stock price $1.50
RE:Reserves $5.23/sh, stock price $1.50latest #s are on sedar.
58m in debt,production less than 2000 boed @25% oil.late on all interest payments with some debt as high as 18%........have to spend 5.5 m on flo-thru this year too.
the more i watch this it seems as if someone planned this out well to move the colorado assets around thru a convoluted paper trail on someone elses dime.
if they still own a gas plant in alberta and have some decent tax pools then they might get a "recapitalization" for the canadian operation but those deals seem to benefit the insiders of the new entity ahead of existing shareholders.
we'll see i guess and good luck to all holders.
p.s.- see that the only bid on the debs today was 25 cents on the dollar.