TSXV:CART.H - Post by User
Comment by
Cross19on Feb 22, 2022 4:22pm
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Post# 34451627
RE:Likley Valiue to be Received for Staniskve in Sale
RE:Likley Valiue to be Received for Staniskve in SaleDear Nozzpack,
It is hard to know if you're just an misinformed pumper or a fraud.
Many things you are saying are at best a distortion of the truth or volontarily forgetting some key information. Therefore, you are clearly misleading potential investors (that being said I am still an investor in this stock - just don't like people pumping based on lies).
Just another example is the Stanivske license. This is not even part of their listed current assets in all their documents, nor in their corporate presentation. The only paragraph I found in the last MD&A is the following:
Restrictive Measure In 2021, the Ukraine government imposed a restrictive measure against Tysagaz, the Company’s 100% owned subsidiary. The restrictive measure was limited to the Stanivske license which was a non-core and nonproducing asset with no carrying value. The Stanivske licence was subsequently revoked in 2021 by the SGS. The restrictive measure and revocation of the Stanivske license is not material to the Company and has no material impact on the operations of Tysagaz. Since the Stanivske license has been revoked, Tysagaz and the government of Ukraine are discussing options to terminate the restrictive measure.
Does that mean that they lost the license forever? Not necessarily, but I would not count on it in the short/mid term as you are talking about a country almost in a total war with Russia - they have much better to do than to deal with a gas license. One thing for sure, they don't have this license at the moment and therefore cannot SELL it! And do you think they would identify that as a 'non-core asset' if it would be worth at least $US 10 million?
Also, you are using the amount money invested in UroG by Nafta to set a price for Stanivske? It's not like if Cub got that money - it was invested on work on the license co-owned by the two partners at the time, that resulted in a payment of up to US$ 1 million. Could they get more for Stanivske (if they actually owned it!), maybe, but it's a very bad comparison.
Anyway, please if you want to pollute this board, do it with facts.
Best,
Cross19