Arcan Resources Ltd ARNBF

Cash Machine

[binzer55]

Arcan is now a self-funding cash generating machine, exactly the kind of asset that dividend-paying companies like CPG drool over. But I don't want ARN to be bought out, as there is much more value in simply continuing to grow their production, and doing it without having to issue any more shares or debt. The value/share will increase exponentially.
So if CPG wants my shares, they had better be ready to pay me a fair price.

[tire9]

All weather road thru the Ethel pool and pipelines to the new (proposed)  20,000 bbl/day battery at S16-T67-R8 will increase profits as the field is being developed.In August Arcan received approval for water injection in the Ethel area. Wells are currently being converted to water injectors and water handling facilities are currently being constructed in order to commence water injection

[geterdone]

great call fool. The share price is only down about a buck since your last words of wisdom here goof.  ROFLMAO

[tire9]

You also think the banks are fools to do a bought deal financing for $135M?

[geterdone]

did you ever hear of Bear Stearns or of the outfit synonomous with the 08 financial calamity, Lehman Bros.?not to mention the European banks recently making the news or how about  BAC  banks don't always make the right call

[teevee]

The banks are not fools. Often, when banks are doing bought deal financings, it is because the bank economist is telling management to expect a downturn, so instead of reducing a LOC or calling a loan, they do a bought deal with proceeds used to pay down the LOC and the stock gets placed with bank funds held by clients, plus they get paid a fee!!! In effect, the banks are downloading increased

[cookster9]

This post has been removed in accordance with Community Policy