Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Senior who wrote (40108)	12/7/2010 3:42:13 PM
From: E_K_S	Read Replies (1) of 78465

Hi Paul - Gastar Exploration Ltd New Ordi(AMEX: GST ) - Gastar Exploration Announces Public Offering of 12,000,000 Common Shares finance.yahoo.com From the article:"...The Company intends to use the net proceeds from the offering to fund the $28.8 million purchase price for its recently announced Marcellus Shale leasehold acquisition, $18 million for settlement payments with respect to the recently announced settlement of the seven In re ClassicStar Mare Lease litigation matters, and working capital and general corporate purposes...." ============================================================ Stock taking a hit today on this news down over 19%. They will now have plenty of cash to complete their drilling projects. Plan to cover my call options and/or ad shares to my position after the stock settles. Anything below $4.00/share would be a good entry point. My option hedge covers me down to $3.40/share. EKS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next