GREY:DPGYF - Post by User
Comment by
Chris007on Oct 03, 2019 1:09am
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Post# 30190585
RE:I'm Out of Delphi. All In Bellatrix Now.
RE:I'm Out of Delphi. All In Bellatrix Now.RichyRich$ wrote: I did the math. Delphi fckd us over. After the consolidation 30M shares at 15:1 share price. The P/B will be .34 at todays share price equivalent. With BXE the P/B is only .025 today. Plus with DEE's market cap higher after consolidation, it would be only 4.9X Gain to the Past 5-Year Average Market Cap. With BXE it's a whopping 16.7X Gain to its 5-Year Average Market Cap! The upside potential is way higher with BXE at this point. And stocks usually trend down for months after a consolidation. With BXE that bloodbath is done with from its consolidation being 6 months ago. That was the one thing I thought was good about Delphi... thinking management wouldn't fck us over with dilution. The last quarter report conference call they made it sound like they would hold off on exploration and that the 4 new wells were good enough to aggressively pay down debt organically this year. No signs of a private placement dilution. Too good to be true. Come join me at Bellatrix BXE.TO.
Just saw the recent developments regarding BXE today...I guess 1 week on, this post sure did not age well