GREY:TMPHF - Post by User
Comment by
KnowledgeSeekr8on Aug 18, 2016 11:37am
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Post# 25154304
RE:RE:RE:Breach of Covenants
RE:RE:RE:Breach of CovenantsAgreed, I don't think that the current investors (especially Morguard) would be happy with $1.10 per share. There is potential for a recovery in the next 12-18 months to at least $2.00 I think considering the occupancy rates should be much higher until the 20% of Fort Mc is rebuilt. And hopefully by then the oil price has recovered and the occupancy rates continue. If that happens I would hope for between $2.50 & 3.00 which would bring it back in line with the market cap it was at in 2014 of just over $200 million. But there is a lot to happen between then and now with our current market cap at $66 million. I'm going to hold out for another year and see what things look like this time next year to decide if I stay in longer and wait for the recovery.