RE:RE:Not enough Reply to Valeura Shareholders Asss of 1
Valeura only received the cash from the shallow gas sale in June /21.
It was known beforehand that, that Kris Energy was entering bankruptcy which it formally did in late June 2021.
Receivership processes are typically very slow moving affairs.
Having lined up their ducks, Valeura management patiently awaited this slow process to reach
the tertiary stage of announcing the successful bids.
It has been well worth the wait as we have acquired, very cheaply, superior assets that will give us 5-10 baggers, perhaps more , once the other ducks fly over the blinds..