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CONA RESOURCES LTD T.CONA

"Cona Resources Ltd is a Canadian company which is engaged in the exploration for and the acquisition, development, and production of petroleum and natural gas reserves in western Canada. The company owns an interest in Cactus Lake property, Winter property, Court property, Cuthbert property, Mantario property, Thermal properties and others."


TSX:CONA - Post by User

Comment by xbox360on Aug 16, 2017 8:48pm
148 Views
Post# 26590125

RE:RE:RE:Cona

RE:RE:RE:ConaYes, It will. Not sure what your logic is. 1. If share price is lower compared to the offering bid, people will more likely accept the bid. ie. perceived higher premium. 2. Current share price will have impact on the evaluation. ie. final value between the book value and the share price value. Lower share price will allow for lower valuation. Anyway, I don't think the share price will stay low in the next quarter after they show how much debt they have paid back in a quarter. Yet, this is getting crazy.
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