The logic is sound, but knowing the exact terms would help everyone assess a (minimum) see-through value.
Why don't they release this information like most other companies would?
Also, could someone point me to the break-even costs the company has released? Danpech quoted US$25-30 in previous posts, but I can't seem to find the original source.
As for the lack of the price response in response to Jewell and Rangers, I think the capital structure provides the biggest explanation. Similar dillemma to TPD.
Many thanks in advance.
The logic is sound, but knowing the exact terms would help...
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