andy which ever way you add it up.. it still works out to be a 7-8million dollar company?.....
norwests underwriters and soph investors are already out of pocket... so what are industry standard terms seem even more fair now.....
look this is not how i see it playing out...i think theres a deal...
but none the less... these are real options of opportunity...
1982 already didnt take up the spp at .2c while he could have sold an easy 100% profit... text book mate...lol
andy, hopefully norwest trash jingemia in a fire sale...
..
.
.
i still highly doubt even if xanadu fails that .1cent will be on the sell side... norwest still has some goodwill and has still not seen any real selling pressure into .2c... so if this farmin fails it will tick back down to .2 .3 .. and prob .1 .2 but with no selling pressure into .1c ...
the risks are real... I dont see it how the market has... a lot can be said about other oilers too...
norwest is still the sub 10m mcap chasing a 1 billion dollar xanadu... and with diversification in lockyer and arrowsmith this ive waited 10 years to replicate...
buzz...
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