TSX:NXR.UN - Post by User
Comment by
DanielDardenon Nov 02, 2023 2:25pm
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Post# 35714166
RE:A Huge Disconnect
RE:A Huge DisconnectDanielDarden wrote: When NXR is issuing $51 M worth of units @$11.69 to a knowledgeable investor to acquire his/her interest in property while the units are trading < $8. Somebody is dead wrong! The investor must see extreme value here to justify the action while the market is seeing extreme risk here to justify the selling.
We might be at a stage when most are not interested in the future but only in today. Present day bias can be a powerful force!
Today NXR announced completion of a transaction by issuing ~2.5M units @$11.30 to a knowledgeable investors while trading in the 6s. Can the sellers be that wrong as the debt situation is improving. It is not likely that the acquirer is being duped!