LIO 4.55% 2.1¢ lion energy limited

interesting buying again, page-15

  1. 15,276 Posts.
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    re: trade4profit Renton...

    Bula is a marginal producer...so a buy out at "multiples of book value" is very, very good for LIO.

    I will free LIO up for other things, with cash in the kitty...and Osiel about to move to 18,000 barrels day.

    Oseil will virtually replace the lost Bula production anyway.

    Cheers!
 
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