Was swamped at work at the time and couldn't post anything. Generally would have posted at least something over on the VM Junior Energy board. There really wasn't a lot of time to think on this one.
I subscribe to CL001 and he was pounding the table on it and he was in close contact with Malcolm Shaw @ Hydra Capital.
Here is where Malcolm puts forward the case for a one billion dollar buyout. He is talking USD here so that is CAD 1.25B vs. current CAD 284M MC @ 3.90 so that is still 440% upside, though Valeura will have to raise equity at come point. That is why I haven't sold a single share.
I managed to get some more this morning at 3.59 as I feel like any sell off won't last very long. Everyone who has bought has read Malcolm's analysis and understands the prize here - a sh*t ton of natural gas at doorstep of Europe in Turkey that imports 99% of natural gas with gas priced at USD 7/MCF.
FYI - the Turkey Board over at IV has transformed into the Valeura board. Go back about 3 weeks and just read the most highly recommended posts (score of 5+ generally). Definitely read the one by amstocks82 explaining the 5.5 inch production casing. It is an awesome board.
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