GREY:STPJF - Post by User
Comment by
farmermanon Aug 28, 2014 4:28pm
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Post# 22887621
RE:RE:RE:This is not intended to be a happy ending.
RE:RE:RE:This is not intended to be a happy ending.I dont see a reverse split happening this year, next year likely. Dave Antony advised me not 2 weeks ago it was not one of the options on the table at this time. Consolidation is a concern of mine and will be till I dont own anymore stock..Fear is important in owning a company like this but in this I have no fear.
I see it like this
they get to 2500 - 4500 bpd by year end
they sell an asset to drill senlac
cash flow allows them to jiggle and wriggle
If the stock doesnt get above .50 by february and they cant refinance
then they do a 10 for 1 roll back
and raise 150 million.
They pay some debt then they drill out mckay
they sell senlac
and same deal
and expand.
Yeah eventually a roll back seems likely.
I think even if they hit every target they set before them and the stock went to a 1.50 they still do a roll back.
Cause they can
Its along ways from going broke, its hard for a public company with assets and income to go broke.
Its all timing and mine has been poo-ey
Due your own due diligence
Dave