RE:RE:RE:Drilling…. Golden triangle is so hot now….That bidder is part of the Cunningham group. The parent co (HNRC) has a market cap of $2.5 million on the pink sheets. they havent filed statements with the SEC in years but the last time they did they had $400 in cash!!!
AMK is tradin at 1/3 of the bid price.
TUD and TUO, the other 2 owners of Treaty Creek, are down 10% on the bid. No one with a head on their shoulders is takin it seriously...imho.....
SOmethin stinks. And I dont think its a good thing for the 3 amigos... But maybe it will give SEA leverage.
rockport1 wrote: The solution for the tunnel problem just got a lot more expensive. One of the Treaty Creek partners, AMK, just received a buyout offer at a 274% premium to market. That would value the Goldstorm project at $ 1 billion. To run the MTT through Goldstorm and sterilze portions of the deposit, just went way up in price.
GuruNN wrote: And I can't wait to see a JV partner and a solution for the tunnel problem!