GREY:ROAOF - Post by User
Comment by
annoncpleon Dec 09, 2014 11:58pm
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Post# 23213467
RE:RE:RE:RE:RE:LGX investor Miller acquires 153,500 shares controls 10.14%
RE:RE:RE:RE:RE:LGX investor Miller acquires 153,500 shares controls 10.14%I cant see a bottom to this till tax loss selling is over or even till next month till well have had enough time to really show production with no really current prod data and no realtime numbers on debt theres no way to figure out if we are worth 20 mill plus debt or just 5 mill plus debt. there a re a couple guys I know have related the fact that nobody is a white knight these days when there are so many other lower risk lower debt opportunities out there. I think on 80 million shares at 8 cents 6 million should be a token take out value for anyone. but bankrupt if theres no help till late 2015 and needing cash for drilling just to hold the land that has cost just about 90 million for the bowood and lgx groups. I am all in on a restructuring if I know what the debt is and what the actuall production and drilling terms are with the blood reserve there could be more hiccups there too too little info maybe too little time, I felt this way when leg bailed us out last time at a value of 72 million 1.10 share.