Mira Resources Corp V.MRP

Resource Assessment

[koenigsberg]

A 430% increase sounds good to my ears.

I'd be keen to know Darcyslaw' s assessment of  the report.

Best,

Koenigsberg

[Darcyslaw]

K, I'm also pleased with the news, and it seems it has been worth waiting for... It's not until we have the report from SLB that we will be able to tell what what part of the stooip that is recoverable, but I would expect something in the range of 25% is reasonable on primary. When looking at the presentation from Jan om Mira's homepage, it looks like U7 was expected to have about half

[investpro2]

Great post, also in the valuation from MRP management is: $28M in tax loss credit to the buyer 120% operating and capital cost recovery through production to MRP and buyer along with the TSB field 54% net profit interest to MRP

[photoman]

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[koenigsberg]

Darcyslaw, Thank you for the helpful breakdown of the results--and for the interesting speculation on possible buyers. In this particular case, I was fortunate to time the market right and am a 12-15  cents man, too. But I can understand the chagrin of those buyers at 50 cents and above who face the prospects of MRP ultimately selling at that level--or lower. Best, Koenigsberg  

[investpro2]

0.75 to $1.25 my prediction

[photoman]

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[investpro2]

More news coming in the short term

[4diego]

[photoman]

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[investpro2]

FYI, a large number of warrants are expiring 28 July upcoming, current outstanding options are approx 13M options (pastes from sedar below) from a total option count of approx 15M options.  All said, a lower share count with the expiry of the warrants for our potential buyout.   On February 28, 2011, the Company completed a $20,000,000 bought deal private placement of 66,666,667 units at

[wagrill]

That's a good thing

[investpro2]

https://www.iii.co.uk/investment/detail?code=cotn:AFR.L&display=discussion Check out TeTsuo36 post in UK Afren board paste below Mark Thank you very much for your email. The updated report has been a very long process but I know it has been a very good one. The January timeline we gave in a press release at the end of the year was misinformed and that date was never discussed

[Mlachake]

These warrants will make things move faster. I am syre the holders would want to see a deal before expirely. On the other hand if there is no deal and they expire, thats good to as there will be less mouths to feed when the deal is finally done. Patience my friends. Last leg of the long wait!

[mazinga]

IMO they wil probably want to exercise the option even if the deal does not finalize before the expiry. If the holders believe that the deal will be worth more than the strike price, they will not let this go by. Like you said I am happy either way. Go MRP baby

[CalifDreaming]

 <> Name one recent comparable where Nigerian reserves have sold for $5 2P for a non producing field.  I'd like to see it. The latest (in a long line) of comparables is the recent deal for a PRODUCING field is the Heritage Oil deal for Shell's assets announced just last week which sold for $2.74 per 2P bbl.  Heritage gets 11K net bopd production, and expects to ramp

[investpro2]

thank you Calif Dreaming for your long standing effort to correct our knowledge with you superior one. you make your investment decisions, others will make theirs. time will tell, if/when/what price MRP will get.  

[investpro2]

better still, if MRP gets a FINAL bid at 0.50 or greater, given your repeated posts here to tell us what is correc to not, then you should also come back here to tell us you were wrong

[photoman]

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[investpro2]

Hi Photoman, I checked again, think you are correct, they accelerated approx 8 M warrants from the total of 66M leaving 58 M remaining 18 months from original closing of 28 Feb 2011 gives 28 Aug 2012, thanks