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TORO OIL AND GAS LTD V.TOO

"Toro Oil & Gas Ltd is engaged in the acquisition, exploration, exploitation, development and production & transportation of oil & natural gas reserves."


TSXV:TOO - Post by User

Comment by mjh9413on Sep 17, 2014 6:57am
162 Views
Post# 22943000

RE:What is holding this up

RE:What is holding this upYou cannot expect to get in at the same price as the Investor group who might be putting in as much as $26MM or so but agree even 10c buy-in would represent just over 9c per share after participating in Rights (which has still to be affirmed as a go) and while getting better than the 14c it rose to I might be tempted at 8c buy-in for a 2x relative valuation to investors and ~200boepd prodn + ~$20MM net in the bank. The new team certainly has credentials.
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