17.65CAD for CENJF that is the USD version of the Toronto listed CEN.TO trading at 18.18.
Diff is the exchange rate (about 1.03 CAD for 1 USD) and a little spread that could be taken by MM with CENJF.
Current offer is 20USD so about 20.60 CAD.
The Company (or should I say the main shareholders) refused a 23$ offer less than one year ago.
Since then, the stock pulled back to 13 due to short term operational issues. We are now expecting many catalysts within a few weeks- Production and reserves should climb in the short term and we wil know how the frack program is doing. 20$ could look cheap if they are successful but there is a IF...
So we can argue if it is better to cash less now or hope for more in the near future but having to take the risk of the operational or legal issues (i.e. Thailand permits to explore)
I have been in since 4 so a big winner for me. I will certainly sell a few when reaching the 20 (not if... when...)
- Some of the less friendly observers have determined that we will abandon our principles and reveal ourselves as shallow cynical exploiters. We must disappoint them... quite simply put, we walk our talk -
