Sharing your thoughts with a best mate, sibling or parent can give you
additional perspective, especially if you feel as if you're struggling with trying to comprehend the situation.
What I can say from a strategic
perspective is that 1) I like a purchase of assets at historically low prices, 2) MFC has some expertise in the commodity business so this isn't completely outside their playing field, 3) perhaps, worst case, there could be a strategy to purchase the assets in bulk at a distress sale and then sell them off piecemeal for a profit, and 4) while this may be a role of the dice (who knows where gas prices will be a year from now) MFC is not betting the ranch; the total investment will be about CDN $ 75 million ($ 33 for the outstanding
shares, $ 8 million for the warrants, $ 30 million
additional investment and I've estimated $ 4 million for transaction costs), or less than 25 % of MFC's current cash hoard.