GREY:SMBZF - Post by User
Post by
dat51oron Jan 23, 2016 4:57pm
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Post# 24487478
RE: Simba and Essel in 2106, Essel to obtain 100% of Guinea?
RE: Simba and Essel in 2106, Essel to obtain 100% of Guinea?I re read the posting by Kribban on Essel's presnetation and zeroed in on this statement:
The region holds so much promise that we have initiated proceedings to up our stake in it from 60% to 100% in the very near future.
Read more at https://www.stockhouse.com/companies/bullboard/bullboard/v.smb/simba-energy-inc#1THjiEuyARCJ2cCc.99
If true, it looks like Essel wants to buy out SMB's part of the Guinea. What do you all think of that? Has SMB indicated such? If SMB will be selling Guinea IN THE VERY NEAR Future, why do a private placement to raise funds? Just wondering aloud. Bring on the seizmic, then drill, drill, drill .....
long SMBZF,
dat