| subject | user |
date & time |
rating |
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Bought into v.isd, better bang for my buck.> |
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5/8/2013 12:36:10 AM |
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Yes, cash is 1.8 mill, thank you for correcting me, my mistake. However, the total amount recievable including the last well payed is only 900k. Also they have 1.9 mill in short term liabilities! I meant to say that the working capital is only 60...
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5/8/2013 12:33:21 AM |
3 |
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They are also waiting for Porto to pay them for their share (half I believe) of the last well drilled, so that should bring in a few more million at least. |
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5/7/2013 12:19:45 PM |
4 |
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PEC : Cash Position - As of Feb, 2013---- $ 1,800,208
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5/7/2013 11:38:40 AM |
4 |
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Hey guys, Porto only has just slightly over 600k in the bank. Does anyone know how they will manage? You can cut all the bonuses and staffs, but just keeping the office open is 200k every 2 months, not including travel and small expenses. Also, c... |
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5/7/2013 3:56:53 AM |
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It was in The Energy Report dated January 17 2013.
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5/6/2013 7:54:25 PM |
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I subscribe to Chen and remember the report where he mentions the .40 and would like to read it again, I save them all in e mail but have so many I cannot find that one. Can someone refer to the letter # or date so I can find. Thanks!!!! I had... |
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5/6/2013 6:00:01 PM |
3 |
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Thanks for the update! Let's hope we hear something soon!
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5/6/2013 10:00:40 AM |
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AND, after RAG dropped out several interested parties engaged them. they are still hoping to pick up another JV. |
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5/6/2013 8:53:35 AM |
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I called them on Friday. what expired was their option to pick up the buy in when RAG pulled out. GALP is still in the JV and carrying 50%. They will drill at least one well this year. They remain very optimistic.
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5/6/2013 8:32:27 AM |
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.40 potential was months ago. Chen would be happy getting 20-25c at this point.IMO |
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5/5/2013 10:08:58 PM |
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RE: Chen's math was .40c. I'd take half that. Can you remember the approximate date of Chen's e mail for this number or the actually letter #? I subscribe and could not find it as he does so many. I am not aware of a website going...
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5/4/2013 7:11:48 PM |
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In a heartbeat!! :-) |
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5/3/2013 3:18:26 PM |
1 |
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Chen's math was .40c. I'd take half that.
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5/3/2013 1:18:27 PM |
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I certainly hope you are right, but even in a buyout now, what could we reasonably expect? |
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5/3/2013 12:30:21 PM |
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Its not 'game over'. It just means they would look to sell the company instead of drilling more. I prefer that. Porto has A LOT of assets (600k acres, tax loss, 3d data, etc). There is no way I can see this going to zero. Their curren...
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5/3/2013 11:53:54 AM |
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Means Galp isn't interested and so they have to find a new partner (or it's game over). |
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5/3/2013 11:37:43 AM |
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So what does that mean? Think they are in negociations?
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5/3/2013 11:28:45 AM |
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Just got this response: Galp’s option was allowed to expire. |
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5/3/2013 10:49:10 AM |
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Call or email Porto IR; they are very responsive and informative.
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5/3/2013 10:36:08 AM |
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I subscribe to Chen and saw that, but when you go through the financials you see the tax carry over losses which are in the high 20 mil range .....I had asked the question on this board a couple of weeks back, if there were some special credits... |
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5/3/2013 9:53:25 AM |
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According to Chen, Porto's tax loss as of Jan 2013 was approx $100M. He thought that was worth $40-50M alone.
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5/3/2013 9:28:43 AM |
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thanks, good post. since the price held at .035 after the expiration of the option on 30 April i am thinking the stock is stable at that price and not going to freefall. so ther eis hope. have seen nothing yet from Chen Lin but i am not a subsc... |
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5/3/2013 8:30:16 AM |
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In looking on my brokerage site, they are currently showing about .035 share price with a market cap of about $7 mill. If i recall aren't there about $28 mil or so in tax loss carry-overs or about 4 time the market cap...so if you increase ...
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5/2/2013 6:45:33 PM |
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if they sell, how does that translate to share price. Lin had said something about the value of the assets and the data base being in the .20 range if I recall. |
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5/2/2013 2:36:25 PM |
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