RE:Surprised on all this dilution talk and looking for feedbackI am also a first time poster and agree with everything Dafster has said . I am long for 4 years and up 1000% . Averaging up all the way till now.
I clearly believe in Garth's vision and in his words the Asset (not necessarily BBI) will grow exponentially in the future.
Paramount realizes this and will take the upside with all of us.
That being said I have sold 20% of my holding for the following reasons
1) valuation of 800 x .65 equals $520 million.. Compare to Nuvista with 20,000 plus BOE a day and their $1.2 billion mkt cap and financing to grow.
In my opinion we are overvalued at this point in time or the other Montney operators are cheap.
2) Garth the master promoter and that's a compliment has the market in a dizzy, from a sentiment point of view when the promo dies down or some extraneous event happans ( oil price dropping?) BBI will drop back... Hope I'm wrong!
Finally I believe this company will be sold to someome who can leverge the asset, therefore not a Seven Generations who are too big to have BBI impact them materailly.