Replies to post #50528 on Hemi Energy Group Inc. (fka HMGP)

[cowboy69]

I also agree but to some degree Keith Anderson should be very busy with the balance sheet. At the moment, I would recon he would opt to engage in capital, not operating, leases for heavy machinery given the need to excavate through different terrain. However, they can obtain bank debt on the open market given LIBOR and the spread are at historical lows. Nonetheless, HEMI should see nothing but an improved financial position that should allow it generate enough free cash flow to service quality improvements so turnaroud is efficient and accurate.

[cowboy69]

HEMI (HMGP) is well positioned in this market cycle. Oil exploration companies enjoy a relatively low cost of capital, not to mention, a sizeable and flexible balance sheet given the collateral value of hard assets behind the business.

I am the founding partner in a private equity firm, having already owned shares in HMGP, my firm realized a profit. I am further interested in aggregating for purchase enough shares to control the company. I seek to install a capable management team and have both an inside and outside board.

I would propose an offer, which would be a premium to the $35k market price for the existing shares.

I welcome thoughts and opinions from current shareholders.