Post by
Shlinker_ on Feb 11, 2014 11:13pm
new math
Did some digging on all the money raised (bought deals and capital restructure warrants/shares) ALX has completed over the past 4 months, theyve been busy.
Even at ~450,000,000 max fully diluted number of outstanding shares, they are doing a 4:1 consolidation...so outstanding shares will be ~112,500,000 + 0.5625 (RPL holders) = 175,800,00 FULLY DILUTED. Insiders own ~13% of these.
share price of 2.30 (after 4:1 consolidation @ 0.65 cents) = 400 Million market cap. for 6600/boe/d
Comment by
Shlinker_ on Feb 11, 2014 11:17pm
sorry, correction... share price of 2.60 (after 4:1 consolidation @ 0.65 cents) = 458 Million market cap. for 6600/boe/d
Comment by
jd43xl on Feb 11, 2014 11:39pm
400 Million market cap. for 6600/boe/d That is pretty reasonable for a light oil company. Canadian light oil prices are well over $100 per barrel these days.