Question:
If Murphy had 300 million before Katrina, I wonder what is worth after. If our new partners are bringing in larger more capable equipment, I wonder if they can get it down from maybe 50 feet to 150 feet. I would expect the mine to have over a billion in mineral assets. Now, add in the new mine we acquired and how much that adds into the mining picture....We could conceivably have a couple of billion dollars worth of product.
Now the value of the stock comment, I see the company suggests the stock is at .25% trading of what they feel its worth.
.012 x 4 = .048 x 10multiple = 48 cents. Also, what company would invest in PBLS with that series 3 deal? So, this must be a way to shift some control of the company to the new partners. Our partners will receive some of that pie in addition to purchasing a large amount of common on the open market.
We all pretty much suspected LDTI would be used to back out some companies that PBLS doesn't want anymore. Now we see that is the plan and wait to see what part we as shareholders get in the deal.
The only thing that remains to be seen is if this is all for real. If when we get details it is true a group of billionaires is buying heavy into Phoenix and will have juice in the decision process, we all will be winners. If Ron and Paul saw all this in a dream and put it in a PR, well then we all have wall paper. I see it as real and a way for Ron and Paul to build the company and eventually retire with the new management in place. So I say, welcome aboard billionaires and please start buying heavy on Monday.
