Post by
8675309Jenny on Sep 29, 2014 9:26am
What will Bill Bonner say on Friday - on National TV?
It doesn't get any more interesting than this now does it? Here you have probably the biggest supporter of the assets of PXL coming on TV on Friday, just days before the vote the following Tuesday. For a long time he has advocated that at narrowing of spreads on heavy oil differentials would occur by the end of 2014, and that's exactly what has happened. He is also likely the biggest shareholder of PXL, and IMO, he does his buying through GMP, which has been a big consistent buyer for months and months. Now the game .... if he comes on TV and makes this one of his top picks, this stock may double. the reason for this move is that most of the people that want out, are out. If he believes in the deal, with Maha spending 35m dollars of capital in 2015, they believe production will AVERAGE 3000 barrels over the next 18 months, and go to 6000 barrels in 1000 days. We also know the 15m USD financing is taking place, probably this week, and that's at .23c a share. There is also a possibility he does not like the deal, but I think that's low, because he liked the assets, and they are still there. It should be the most exciting week for PXL that this company has seen in the last couple of years. Early level II shows bids are building, but I think someone comes in this week, and takes all the stock to 25c in one quick trade.