Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
That was a good one. Thanks.
I think the deal will go through. It seems that OLISOL wants to acquire TPL and this is why it raised the price to 17 cents from 16 cents.
The author talks about PDQ and TPL and notes that TPL can give the investors 70% among others in the coming days: http://seekingalpha.com/article/3688846-two-under-the-radar-takeover-targets-with-strong-catalysts-ahead It has also been posted at Google Finance under TPL ticker (LONDON).
again, see who are the Oligarchs behind OLISOL, this is the key here. The financing will be successful because OLISOL has both the funds and the connections in Kazakhstan...
they also own some silver producing properties, I think.
and gold sector.
please do.
The Oligarchs behind OLISOL have big investments in the energy and mining (uranium) sector in Kazakhstan...
Do your research to find easily the oligarchs who are behind privately-held Olisol Investment Group. So they do have the cash and way more than you can imagine....I wish I could disclose more here but I can't.
and OLISOL is not just another suitor. OLISOL is owned by some OLIGARCHS in Kazakhstan, so they do have the cash...and more than that...see who is behind OLISOL...
waiting for the Canadian stock exchange to open....
Enjoy the ride. Olisol offers us C$0.17/share....and of course, the deal will close this time because TPL does not have another choice. Tethys Petroleum Limited ("Tethys" or the "Company") (TSX:TPL)(LSE:TPL) announces that is has entered into a non-binding and indicative letter of intent (the "LOI") with Olisol Investments Limited ("Olisol") setting out proposed terms upon which Olisol Petroleum Limited, a wholly-owned subsidiary of Olisol ("OPL"), will provide Tethys with a US$15 million interim debt facility (the "Interim Financing"), subscribe to a C$25.5 million private placement of 150 million new ordinary shares at a price of C$0.17 per ordinary share (the "Placing") and commit to backstop a further equity fundraising of 50 million shares at C$0.17 per share (the "Further Financing"). In the event that OPL does not provide Tethys with certain confirmation of funds by November 23, 2015, Olisol will pay Tethys a US$1.25 million break fee. The Company and Olisol have substantially progressed the binding documentation for the Transaction.
See today the inventories and keep in mind that the refineries are partly closed. So you can imagine what is going too happen once they return back to their normal operations.
Actually the rise will be as steep as the decline.
it will react soon.
Given GED's exposure to Colombia, you might want to know this: At the current price of C$0.85 per share, debt-free Petroamerica (PTA.V) has EV of US$45 million and 4,000 boepd production while AMER has EV of US$350 million and 4,400 boepd production. So: - At C$0.85 per share, PTA currently trades at US$10,000/boepd. - At C$0.85 per share, PTA currently trades at US$3.1/boe of 2P Reserves. PTA.V also trades in the US under the ticker PTAXF.
Caza has enough liquidity, no need for cash.
PDQ's reports and cash as shown in Sedar.com are in USD. In addition and aside Toronto, Petrodorado also trades on the US stock exchange under the ticker PTRDF.
Given GPX exposure to Colombia, see the latest deal from Colombia: Amerisur acquired 2 Blocks from Petrodorado (PDQ.V) from the Toronto Stock exchange. At the Canadian financial website, Stockhouse.com, you can find all the details and a ton of info about all the publicly traded Canadian companies including PDQ.V: http://www.stockhouse.com/companies/bullboard/v.pdq/petrodorado-energy-ltd AMER was fully dependent on ONE producing Block, which is a major problem. This is why, it acquired 2 of PDQ's Blocks, Tacacho and CPO-5. They bought them at very low prices thanks to the recent drop in Brent. Lucky them. Upon completion of the deal with AMER, PDQ.V will have more than US$20 million in cash and ZERO debt. PDQ's liabilities (current and non-current) were US$4.9 million (March 2015), so the available cash to the shareholders currently exceeds US$15 million if the company pays its liabilities without liquidating any of its other assets (3 Blocks, Talora, La Maye, California). Again, this calculation does NOT include the liquidation of the other assets like property, remaining Blocks etc. But, PDQ's market cap now at C$0.22 is only C$10 million or US$7.7 million (1 USD = 1.29 CAD) at the current price of C$0.22 per share (Toronto stock exchange). So this proves why buying PDQ.V even at C$0.25 is easy profits. PDQ.V can DOUBLE tomorrow only thanks to its Cash and cash equivalents. See Sedar.com to find and confirm PDQ's fundamentals and Debt-Free balance sheet.
Thanks to this sweet spot, I believe there will more than one competitive offers on the table once they decide to sell the company.