PCL 4.76% 2.2¢ pancontinental energy nl

General Thoughts, page-1832

  1. 848 Posts.
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    In any case, lets assume that i have undercut share valuation. If first drill finds us good oil, we can easily raise for 2nd drill is my point.
    Also find it interesting that, as i have understood, the deal has only agreed to 2 drills whilst our neighbors are putting holes everywhere.
    Wonder if after 2 holes, PCL recovers its 76% and can then negotiate a new deal.
    if Saturn is truly a trap and we have 2 successful drills, equal to or > neighbors,
    what would PCL then be worth and why would they be begging to pay us out and exit.
    They do love dilution so why not just cap raise until production.

 
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