GREY:SGLRF - Post by User
Comment by
power_auditoron Dec 19, 2014 9:26am
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Post# 23248199
RE:RE:RE:RE:RE:I forgot to add the other "analysts" in our parade...
RE:RE:RE:RE:RE:I forgot to add the other "analysts" in our parade...Shev72....this is was was so perplexing with those "analysts" doing the downgrades....yes Scotia got it right,actually all of them got it "right" on calling SGL to drop....so now...what happens? The Co. reduces debt to ~$195M and reduces its costs associated with the Dixonville field....all costs reduced by 50%,not bad really.
The $2.00 mark to 0.30cts has been achieved....great for the shorts...I took the CC as a nice start for 2015....still looking for asset sales (RRX?)...it was kinda of surprised by the US investors here...and the volume trading on the SGLRF....they gave up around 7.5M in reserves on the Dixonville field site but still received $100M....$12 a bbl...if my numbers are correct(please do not take this as being perfect,it was my guessestimate,thanks.)...If somebody wants to correct my numbers please do...no problem...I really find it hard to think that this was not considered a very positive move....Why the downgrades? Strange. Staying around until the AGM. GLTA