Zargon Oil & Gas Ltd ZARFF

RE:RE:RE:RE:PSH's North Dakota deal at US$100K/boepd and ZAR's ND assets

[funfacts2018]

While it may have been presumptuious to make that assumption:
1) I have reviewed news from Zargon's webpage and see nothing concerning an impending deal of that nature.
2) The meeting of debenture holders to approve/disapprove the conversion is set for January 10.
3) The chance of an entirely new deal being delivered before Jamuary 10 seems to me be slim and none. 
4) If there was a potential deal, that's a material consideration that should be disclosed in the information circular and proxy solicitation
5) I'll caveate that opinion by saying that if you can point me to information of a pending Zargon deal, I'll check it out and (provisionally) revisit my opinion and calculation.  
6) Unless a deal is consumated prior to January 10, the only meaningful calculation is based on shares outstanding after January 10. Admittedly, if debenture holders turn down the conversion, the share total remains as it is.

If the share price does jump before January 10, I have the option to revoke my "No" vote proxy.  Otherwise it stands.

stockfy wrote: funfacts2018, you are absolutely wrong. Read it carefully next time. My calculation and ZAR's rise ABOVE 10 cents proforma a North Dakota deal  does NOT take into account the debenture conversion. My calculation has been based on today's number of outstanding common shares. 

rad10, you keep bringing zero value to the table. What a troll you are. Zero facts, zero numbers. Just theories and endless blah blah blah. I usually waste 2 seconds reading your empty comments but I wasted 3 seconds last time. My bad.

 

funfacts2018 wrote: stockfly

I have to guess that you calculated this incorrectly:
"

So ZAR can receive at least US$50,000 per boepd for its low-decline oily assets in North Dakota in 2019.

 

This means CAD$65,000 per boepd or CAD$26 million.

This sale alone in 2019 will push ZAR's stock significantly higher than 10 cents"

By my math, after accounting for additional shares issued in the debenture conversion the impact works out to:

$26,000,000 divided by 459,878,324 shares or $0.0565 per share.  Give or take a couple of tenths of a cent, that purely hypothetical sale woukd barely get the share price back to 10 cents (from 4 cents today).  That isn't "significantly higher" and if you discount the price at all to reflect the reduction in future cash flow, probably doesn't get back to 10 cents.  And that assumes the market is actually rational ...