December 07, 2012 03:48 pm
Hey guys i wanted to let everyone know about i deal ive been playing its called supernova minerals inc, but it is a heavy oil project in billing Montana with a proven reserve of 10-13.6 million barrels on the morris block which is approx 2000 acres. They also have an option on a contiguous block called the cotton wood which is about 2200 acres.
This deal is undervalued in my opinion like most current deals on the market but what i like about it is that the company is currently raising money in the form of a convertable debenture and it looks positive for production in 2013. There is currently under 18million shares out on it and the offers are very weak.
Its last traded at .13 and im sitting on the bid at .09 - .10
have a good look at the company website and videos it looks to me like a very strong deal, what are your guys thought?
SNP video link - http://www.youtube.com/watch?v=HrHPhg_ZFFk&feature=youtu.be