Regarding an EXPL divvy, I’m not suggesting in a
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Posted On: 03/10/2023 9:18:30 AM
Re: Coat Tail Rider #7365
Regarding an EXPL divvy, I’m not suggesting in any way that is a certainty, but I am happy you conceded the share price in no way prohibits them from issuing a divvy.
I will say a divvy from EXPL is 7.3B more times likely than SFRX getting permits from the state to salvage a wreck the company suggest is of Spanish origin, or any other sovereign.
Or SFRX going to the NASDAQ.
Or SFRX finding anything significant.
And that’s going along with the premise the Toy works. It can’t find what isn’t there.
I will say (my opinion, nothing more) an EXPL divvy is ONLY possible with about $50MM from the Connaught, plus more than $50MM from the Black Marlin, and that would set the stage for a divvy on the next successful project…..like the Primary Target.
Of course EXPL will need to keep project costs and time minimal. The good thing is these projects could be completed in less than an 18 month time frame, but they have so many other targets worldwide, there’s lots of scenarios. Just pointing out what they’ve shared publicly.
Kyle suggested SFRX would be worth $10 a share with $60B in treasure. Of course that was with 6B OS. Now the number is $8.18 because of dilution.
With $60B in treasure and using Kyle’s same logic, EXPL
would be worth $1095 per share.
Now the $60B number is a crock, but it does demonstrate how dilution weakens a position.
I will say a divvy from EXPL is 7.3B more times likely than SFRX getting permits from the state to salvage a wreck the company suggest is of Spanish origin, or any other sovereign.
Or SFRX going to the NASDAQ.
Or SFRX finding anything significant.
And that’s going along with the premise the Toy works. It can’t find what isn’t there.
I will say (my opinion, nothing more) an EXPL divvy is ONLY possible with about $50MM from the Connaught, plus more than $50MM from the Black Marlin, and that would set the stage for a divvy on the next successful project…..like the Primary Target.
Of course EXPL will need to keep project costs and time minimal. The good thing is these projects could be completed in less than an 18 month time frame, but they have so many other targets worldwide, there’s lots of scenarios. Just pointing out what they’ve shared publicly.
Kyle suggested SFRX would be worth $10 a share with $60B in treasure. Of course that was with 6B OS. Now the number is $8.18 because of dilution.
With $60B in treasure and using Kyle’s same logic, EXPL
would be worth $1095 per share.
Now the $60B number is a crock, but it does demonstrate how dilution weakens a position.
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