TSXV:PEH.H - Post by User
Post by
cupricityon Jan 07, 2015 8:42pm
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Post# 23296513
what this stock needs is an NCIB.
what this stock needs is an NCIB.We can buy back 10 percent of our shares for 5 million and we have 70 million coming in this year.
Once the loan is repaid to Victor Hwang we can chip away at our big debt of 210 million, but with more drilling, the bulk of the infrastructure in place, a sales agreement at 14.50 mmbtu, this stock is a perfect example of why the venture is a great place to find misallocation of capital, in this case the value is silly. But the good news is there is still time to get some more!
Good luck to all, and if you do your own due diligence you won't anything that is a red flag on these guys other than the low stock price, which is the best kind of red flag when the markets are so down.
5 bucks is not hard to imagine if the drilling works out and it should be 2 bucks right now (5-7) times earnings instead of 1 times earnings! GLTA and happy new year.