Mira Resources Corp V.MRP

ZEROS

[wkndcoffee]

Zero Volume,  Zero News, Zero Production,  A Whole Lot of Zeros in the Wrong Place.  No... wait it's the Summer, it's the market, it's, it's it's  :-))     Nothing Changes... or it's normal to hear Nothing. There's even the spin it's a good thing to be at half a crazy devalued penny... and to hear Nothing for ions. Like... yeah :-))

[Beejeezus]

WC you are so right a buyout should have a number followed by lots of zeros$$$$$$ especially for a field of this size!!!!

[KidKorsakoff]

Yes, the value is actually (Mira's 48% interest) $50MM to $75MM which is 23 to 36 cents/share. I may be off by a few cents based on new options, debt repayment, etc. Good news is that it sounds like a sale/merger discussion is taking place.

[hlghrider]

Market cap may still be high?

[KidKorsakoff]

It would be nice to have constructive valuation feedback (asset valuation and Mira share value estimate range) from others. The sale of Mira could be in as soon as 60 days.

[Beejeezus]

You could it depends on what the Acquirer adds to the shareholder...... If we are just being bought with no further ability to participate in further growth of the field I would want at least 3 dollars per barrel which would equate to 66 million  if we were given cash plus shares in Acqiuring co it would depend on when the acquisition takes place . I would take a little bit less but not

[KidKorsakoff]

Then 25-28 cents/share is the potential purchase range. Dilution is small (options) and hopefully these options will go to the hold-out gang that has big equity stakes so they will sell soon. Exciting development!

[Beejeezus]

Faanntastic KidK Thanks for that update !!!!! You knew it was going to happen sooner or later....it just happened to be later

[photoman]

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