GREY:CXEYF - Post by User
Post by
OceanRanger1on Mar 20, 2010 2:49pm
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Post# 16906524
Future looks good
Future looks good
I think it may take this team 2 years to get this mess all straightened out and get this ship back on course. I guess we have diluted the company in half with our new partners but half of something is better then all of nothing. Clearly the last team surrendered and hoisted the white flag long ago but the new team comes in with fresh ideas and the technical strength to get the job done right the first time.
I have been dreaming about capitalizing on our existing opportunities again and that is dangerous but I think all the pieces are there and once this team corrects all the blunders we will become strong again. Realistically - because of the dilution the trading range we were in before will be half of what it was so 50c to $1 is what I am expecting 2 years out and that is without any unexpected success like higher production from our existing fields or additional reserves that are awaiting discovery.
Even at $1 it's almost a ten bagger from here and I am buying with confidence. It's hard not to do the math and dream on the possibilities but I see this as a very low risk 5 bagger for sure within 1 year and at least a ten bagger 2 years out. Buy with confidence at these levels. This is at the levels of a private placement and we have nowhere to go from here but up.
That is my prediction from here - time will tell right or wrong but I intend to increase my position dramatically next week.
Go Candax.
OceanRanger