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Old 02-09-2013, 06:00 PM  
MrMaxwell
Too lazy to set a custom title
 
Industry Role:
Join Date: Jul 2005
Posts: 10,057
Quote:
Originally Posted by slapass View Post
You missed the rumor. The news is out there. Now you could determine the value of the gas field that they own 51% interest in as I saw an estimate of the gas there. If it is in the US then zero might be the answer. Gas is regional not internationally liquid like gas/oil. So there are gas reserves of x they own 51% and these are normally valued at about. Then see if you would still buy it.

It'll be some time before they find out what is there, though, and everything I've been reading leads me to believe that traders will buy these based on "estimated" figures ... You're right that I missed this one, but it seems like it could still be a pretty strong play

Considering that is seems like at least a 50/50 chance they'll run it to the fucking moon and I can only lose 100% but it could easily run another 400% or more is what's keeping me interested

I'm trying to find a way to talk myself out of it by monday
I need to know more about this litigation and how sure the financing deal is and how sure they are they've got the rights to VM

But, according to some morons on ihub- this has traded well above this range even WITHOUT the VM news (in terms of the market cap)
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