TSXV:CART.H - Post by User
Comment by
TheRock07on Oct 11, 2016 5:06pm
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Post# 25332552
RE:More on Burisma Holdings
RE:More on Burisma HoldingsIt refused in February and won't be bought out anywhere near that cheap.
Cub is receiving about $17 million per year from Burisma arising from its 35% WI.
Why would it sell out at just $23 million .
Further, for very little other consideration, Cub has the right to acquire another 5% which will raise its WI to 40%.
And to top it all off, Cub has 2p reserves of 3.1 Mboe worth $63.5 million or 20 cents per share.
So, Cub will be receiving about $20 million per year in dividends ( assuming it invokes its 5% buy ) from Burisma for its Eastern Ukraine WI.
So there is no way they would accept an offer less than 15 cents..