07-02-2013, 12:55 PM
'ArtM72' pid='25200' datel Wrote:I see a number of people throwing in the towel. Figure out what IOC's share of 4.8Ts of gas is at the MINIMUM price of $1.5/mcf. There's your $250. Give away the rest of the company's assets for nothing? Are you crazy????? The sale of the company should not begin to be considered at less than $400/shr. Yeah, I'm a little tired too. And I don't have the pressure of time, thank heavens. But selling the company for less than $400/sh today is simply nonsense. That is, unless you have another Interoil waiting in the wings.
So, the company is worth $250 right now - but trades sub $70 right now. 
Cut it in half. Say the company is worth $125 today. Can anyone explain how we cannot hold $70/share ? Because I can't !!!! As my father-in-law would say: "it feels like I've been beaten like a rented mule !"