If (2) occurs, what are the assets in their entirety? Leases? with or without production?; and if so, how much?
Mineral Leases, with currently zero (0) production.
Also, please note the intent of having a third-party value assets is so there is a realistic value obtained. Perhaps, you mean these assets were indeed valued by a third-party, but one that was not independent and objective?
The leases were valued by an independent third party that makes its living off providing the highest valuation for its clients as possible.
Because you are seeking financing for the purchase of wells, that seems to mean you have little confidence of Arcland paying cash, or very much cash. Or, you just don't know yet what they will actually do. Is this a fair opinion?
I dont know yet what they will actually do. It's up to the management of that company to decide. More on this in one of my final end of the night posts.
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