GREY:TBTEF - Post by User
Comment by
yoplaiton Jun 03, 2016 7:42am
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Post# 24930393
RE:a rumor lurking
RE:a rumor lurkingYou have a rumor and I have a gut feeling the banks are attempting to WILL/FORCE a solution TODAY when in fact NOTHING is in the works with these ridiculous 1 day extensions! LOL
Nothing but frustration for TBE the banks and shareholders!
The best solution for the banks and the company are to extend the various deadlines out 6 months as an act of reassuring fair lenders originally had in the company.
Isn't it better to wait a little longer for a 100% or improved payback as opposed to forcing 10 cents on the dollar today? These 30 day extensions do nothing for the health of the share price either.
Can the company survive by hedging current production at the todays oil price, procure more working capital to increase production at the lowest cost sites on the basis analysts unanimously agree will be $60 oil by the end of the year? Can TBE grind it's way into profitability or at least survive long enough to be MORE financially attractive as a takeover candidate 6 months out at these assumed higher oil prices?
Cut us some slack, wait it out and be rewarded. All IMHO