They are worth a hell of a lot more than 10c :) so they bring forward and unlock cashflow by selling , one brockerage valuation had the NPV of grieve at 35c, so Denbury had a choice it offers a fair price or gets a JV partner with deeper pockets. Denbury have invested a hell of a lot in it for it to be worthless, so the pressure is back on Denbury
They are worth a hell of a lot more than 10c :) so they bring...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)