Basically... I am very unhappy setting up a retirement home for management with ~$17M in cash and a producing asset, this seems way too generous for a mob that hasn't been very honest with shareholders all the way along this ride. They can take $2M in severance pay to be split, and a handshake FOR WORKING for US.
I would much rather prefer 13.5c from sale + about 2c for the rest... 15.5c.
Best possible outcome is a rival bid, before shareholder vote (30% chance), take the whole lot for above 15.5c.
Montney was literally a real kick in the teeth, was heavily oversold for many years by this management, the golden pot at the end of the rainbow. I won't ever forget this. Sold in the end for next to nothing, along with basic infra-structure and 2 well sites. That was a shocker of a deal, given the expectations set up by management.
The 0.4c of capital return is due.
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Basically... I am very unhappy setting up a retirement home for...
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $79.13M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 12.5¢ | $237.1K | 1.859M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 13721115 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 5067622 | 41 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 13721115 | 0.125 |
2 | 1610867 | 0.120 |
1 | 40000 | 0.115 |
1 | 9500 | 0.110 |
1 | 20000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 4527622 | 33 |
0.135 | 1783850 | 16 |
0.140 | 129588 | 3 |
0.145 | 97300 | 1 |
0.150 | 214754 | 5 |
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