RE:Reply to RuudinFrancemrmomo wrote:
Ruudinfrance wrote:
"what you don't want to say, maybe, is that PIPE might be taken out for something like ~$4/sh, or at least way below real value, with approval of majority of outstanding shares.Happened before.Could happen again.Surely will happen again sometime/somewhere/somehow.I suppose most investors on TSX are well aware of the possibility of such type of shenanigans."
Hello once more Mr. RuudinFrance. Longtime since we last interacted on this board. Last time we discussed anything, we didn't exactly see eye to eye on certain things. But glad to see you're doing/done well with this investment and managed to still hold on to this point. As well as a few others who had the patience to do the same. It's been quite some time since Pipestone was nearly at death's door, barely trading at half a Canadian loony, hanging on to dear life. As pretty much most ep's were in an identical situation at the time......of course things have drastically changed since....
But you're are somewhat corrrect in you're statement. I may have not said it outright in the open, directly, but, i do ensinuate as much.......with a caveat of course. Though i do believe there's some truth & enough evidence to prove as much, your numbers would be the absolute bare minimum possible but i doubt very much s/h would approve such a travesity. Definitely not a that level, and would be VERY surprised if it did. Just to give you an idea, please follow with just a bit longer, so i can explain...
If we take say.....Leucrotta Exp as an example, who was recently taken out early this year. Which btw isn't that far away from Pipestone's own assets, just a bit further North from them. Good old Leucrotta was relieved of their properties for about $35K/fboe, BEFORE oil rocketed over $100 and N gas close to $10. Just based on those figures and Pipe's current production, you can easily make an agrument that Pipe shouldn't be trading anywhere close to sub $4. And Pipestone is a vastl superior company, with vastly superior & greater assets. I'm sure you would agree with me on that point. The only real significant difference being Leucrottoa was 100% gassy and Pipe is an almost even mix of ngl's & gas. But we can easily adjust for that small fact if need be.
So am i insinuating as much....... sure? Sure, absolutely, there's enough there to do at least that. Will it actually happen? Don't know, but there's a heck of a good chance it does the longer the stock remains at these ridiculously low levels, whether done purposely or not........
Hope that clarifies somethings.......
GLTA
Mrmomo,
I experienced a great disappointment earlier this year.
Was sitting (including 60K shares already given to the kids) on 160K shares NLC at 98 cents cost.
At the time NLC was sold to China at $6.50/sh (deal in 2021, execution 2022).
At deal, Li price was ~$20/kg
Currently Li goes for ~$80/kg.
Just showing that companies may be sold for prices way below their actual value.
Also NLC management knew what the value of the salar was.
Yet the deal was made.
So we ended up with a 6.5 bagger, which presently would have been at least a 25 bagger.
Can't happen with PIPE?
Canadian government is perhaps not as bad as Argentinian and they have last week forbidden Chinese investments in certain resource companies.
But hey, one doesn't need a bad actor government to screw you one over, the free market always is ready for some fun.
Have some,
fun that is :-)