RE:RE:ValuationYup, the math looks correct to me Sporty... CGX shares are so screwed based on the valuation given yesterday. Why the hell would any investor pay >$1CAD/share when in essence the company just said it's willing to give away a decent chunk of WI for a swan song? And the hope this management team will get a fair deal/god forbid a premium for the remaining 27% WI... good luck.
That proverbial chair OilRun constantly talked about has turned into a hot chair that does nothing but turn investor money into dust.