and now ... here we are ... at ... 1,38! ... 30% lowers. lololol
not sure I need to add any new comment ...
If you want to buy something .. buy the Bond and not the stock. Maturity date 07/15/2016
Lol ... END is so BK ...
Bewlo 1.50 ... at close?
Piipa how long will u continue to pay a 50 % premium?
MTLR up more than 25% from all time low! ... here we go Pippa ... Pippa ... Pippa...
MTL going to drop to 1.00 USD ... if nothing happens ... that's where parity is! ...
MICEX is the place to be ...
There is very little doubt in my mind ... you are 7 years old
Pippa ... why are you not making fun of my puts on MTL? .. eh eh eh ...
Pippa .... don't cry
1 good news ... 10000 bad news ... ... so .. if you were a creditor .. what would you do? ... still let Transier run the company ... or ... cause the Company to go BK .. and then ... appoint the manager you want?
No brainer ... BK
1. Production rates had ramped back up to over 100 million standard cubic feet of gas per day ("MMscf/d")
2. Price for NatGas in the U.K. is £0.52 per Therm.
1,000 cubic feet = 1 Mcf = 10.25 Therm
100 million cubic feet / day = 100,000 Mcf / day= 1,022,500 Therm / day
3. Assuming 90d / quarter
Rochelle Production per quarter 92.025 million Therm
4. £1 = $1.6227
USD price per Therm is therefore = £0.52 x $/£1.6227 = $0.84
5. Total Revenue / Sales from Rochelle ... per quarter ... if operating at 100 million cubic feet / day
$0.84/therm x 92.025 million therm per Quarter = 77.301m per Quarter
Unfortunately There are 2 major problems with this company:
1. Never seen a CEO more Incompetent than Transier
2. Never seen a more unlucky company
END can survive only if Creditors guarantee a 6 months Vacation on Interests payments. However, I am not sure one rational person would trust Transier again. This is why a Default and subsequent sale of assets to the highest bidder is probably the most logic outcome. Had Transier not been END's CEO and Ch... .. END would be fine.