Yangarra Resources Ltd T.YGR

out loud offering

[pennydredful]

187000   at   1.07

[kavern23]

Penny...do you think Fiddlehead deal closes? Getting close to the deadline for that deal. If those cenovus assets go back on market maybe YGR can get it super cheap...like 15m or less instead of 22.5 million. Room to do this on YGR's balancesheet now one would think.

[pennydredful]

historically  ygr  does  not  expand  making  acquistions. they  expand   by pos ting   crown   land  .      2.   fiddle   is   having   directors  offer  free   stock    that   they replace   with PP    stock 

[pennydredful]

in stock market   jargan  this   is   known   as   a    gypsy   swap   

[kavern23]

Regardless if fiddlehead finds investors...how is that business plan going to work. Fiddlehead has an investors presentation from June. So many questions...their aeco assumptions....fact they are using full 15m debt faculty...how do they afford to drill 2 wells in 2024. If paybacks get pushed out with only 1700 boe...how do they wait it out for higher prices. ygr hasn't made acquisitions in

[pennydredful]

property  likely   being   dumped    re high   AROs

[pennydredful]

free  should   read   free   trading  

[pennydredful]

I  do   not   agree    as  all  cash    needed   to   pay   down   existing bank debt   and   rest   applied to   internal   operations   .  

[Helloworld]

Seems they want out before earnings. Dumping all day at $1.02.  Great day for a ncib! 

[Hendrick3]

I can understand based on last 12 month quarterlies why someone would sell before the results come out. I am hopeful they are wrong this time.  

[kavern23]

Hard to tell right now...usually in the past for these juniors...companies would release Q2 financials past August 6 if poor quarter...delay.... So a July 30th release date is prob a sign YGR Q2 isnt really bad but we will find out exactly impact of Aeco.