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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C) -- Ignore unavailable to you. Want to Upgrade?


To: Dale Schwartzenhauer who wrote (353)3/2/1998 3:02:00 AM
From: Ray Osborne  Read Replies (1) | Respond to of 2306
 
I am wondering, if the move on the rights offer is to try and bring the market cap up to a level that may discurage a takeover.

Present value at approx 40 mill

Based on the present target of 300 mill barrels

a 15-18% by in at 100-150 million take over bide is a possiblity.

Ray