Now I think the day's first trade, that 25% lurch back down to tuppence! is closer to fair value.
Where else is more upside than they can pay themselves going to come from? The guys in San Antone can buy back the whole Spyglass thing for a mere two mil, which will go to "bonuses". That leaves the Carrizo wells, where it's nice that production is stable after so long, but the free cash flow from that doesn't cover salary expense for the Super Six remaining in Denvèr.
Even if Spyglass is retained and restored to full peak production, the cash flow will merely replace the inevitable decline from the DJ wells.
I can't quite swing the cash to make an offer to Samyak for his stake, but that stake is likely the only way to unhorse Tristan. If Samyak won't, maybe the also-self-dealing chief Samyak ousted will make an offer with his fresh new press-release business.
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM