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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: My fear for CLL

Jun 01, 2010 01:47PM
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Jun 01, 2010 02:43PM

Jun 01, 2010 02:44PM

Jun 01, 2010 02:55PM

Sharky:

You are right. Once Algar is up and running, (still not a given) likely all of us would be well advised to cash out and wait for the likely considerable dilution as they move to their next expansion with almost certainly some form of dilution. Be it issuance of new shares in another financing or dilution by bringing in a partner. The other potential would be the sale of Connacher lock, stock and barrel. And under such solution, who knows what the price would be. The one thing I do know, we Common shareholders would be the last to see the benefit of an all out sale. Or for that matter any other arrangement! Sorry. But a track record speaks for itself and given an opportunity, will likely be repeated!

Brian


Jun 02, 2010 04:06AM

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