Land purchasesHmmmmm
In the latest update released with the earnings they said they have purchased 7200 net acres and farmed-in on an additional 4480 acres (2240 net acres) primarily in central Alberta.
What is somewhat confusing to me is that all I can find is 4 purchases (all in Alberta, none in BC or Sask) for a total of 1880 acres, all 100% owned by TGL. The sales I found are through May 14th, so I should have found them. They paid $56,576 for their one purchase (northern Alberta) in early Feb, and paid a total of $225,777.06 in mid-April for 3 land purchases (plains region Alberta).
Why the acreage descrepancy?
Maybe they purchased the additional lands from someone else as opposed to new purchases.
Oh well, I'll keep digging. If anyone wants the land locations let me know and I'll post that as well.
GLTA
Cheers,
Oxyurid