RE:RE:RE:Serious investorsSorry Mikelee11, the offer is not shareholders here swapping their Toscana shares for around 7p. It is 0.0281 x 6 penny/100 x 1,70 $cdn/p = 0.00287$cdn per TEI share. It is just over a 1/4 cdn cent per TEI share.
TEI cash flow is a minimum of 500,000$ per Q = 0.00345$cdn per share
Without interest payment and without loan refund it is more than 2,000,000$cdn per Q or 0.014$cdn per Q or 0.055$cdn per year at a production rate of 1,000 boa per day.
A fair offer is over one years of profit for I3e or a minimum of 0.06$cdn per TEI share.
7 times is only 2 cdn cents per TEI share.
Getting 0 or BK, will give me 0.25$cdn of tax credit per TEI share for 5,300,000 shares.
I will vote yes to a fair offer of 0.3 share of I3e + in cash 0.03$cdn per TEI share.