EXPM:EGRGF - Post by User
Comment by
LuckyLadyon Mar 14, 2019 11:40pm
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Post# 29489158
RE:RE:RE:Going Private
RE:RE:RE:Going PrivateI ran the numbers many times on this stock to assets , and the question is what will somebody pay???
Cash boy’s ! Banks want money ! No shares !No paper !
I believe the bank has said , you have 60 days bring us a offer for the assets .
So everything is on the table, let me ask you one question .Everybody knows they are in corner with lots of other companies.
How much would you you pay in cash today ?
Look around especially in Canada , deals are coming up daily now , government policy and oil price’s have no buyer’s in Canada . Dixionville , is worth 25 cents on a dollar today .
If not in 3 months the banks will sell it at auction to highest bidder for 25 cents on a dollar .
USA it’s not the same , so this will be a best chance of any sale .
we can use flowing barrel metrics and land value , but this is when the players used paper and credit
Not much credit for oil especially in Canada , USA yeah there will be some, but this will need somebody with other assets to back the deal .
If they could of held on another 6 months , might be different .