Post by
bosse on Sep 03, 2013 9:01pm
Novus buyout..
When you see a buyout of Novus at $1,18 for 189,000,000 shares and producing 3452 BOE (80% oil) what do you think LRE is worth..???
LRE has a production of 25000 BOE/d So a quick ball park figure should gives a $18,00 /share for LRE.
Price tag : $320,000,000 for Novus buyout
So LRE at 25000 BOE/d shoud be worth $:2,317,000,000 or$18,68/Sh
Just to say that LRE is way undervalued and it might be our turn in the coming months.
Let's continue to be patient and the reward will be greath!!!
Comment by
bosse on Sep 04, 2013 10:47am
Good action this morning!!! A 6 month'' higher high'' at $ 4,73 would be a nice showing!! May be investors are discovering an unknown ''gem'' Let's hope for the best!!