GREY:VFGGF - Post by User
Comment by
ofirmeon Jul 15, 2014 12:10pm
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Post# 22746833
RE:Quarterly Review S&P TSX Venture Index Dated July 11th
RE:Quarterly Review S&P TSX Venture Index Dated July 11thwhy would a deletion from an index be a nail in the coffin?
The banks could make the company be sold, but I doubt they will. they could reduce the bank line
to an amount close to $115M (estimated debt left at end of q2) and by that, they could eliminate
the ability to drill new wells. that would allow the company to continue any ongoing waterflooding
and optimization without new drilling.