RE:Barron's todayA week does not pass were i see project annoucements or potential project in my
province(Quebec).
The latest is Ford buying land in Becancour.They paid 14 million for the land to eventually
build a cathode factory.
There are many project coming on in Becancour right now.
Becancour is located 130 km (1 1/2 hour drive) from DRX plant in Terrebone.
I am not saying that they will win every contract for the erection of these new building
but one can easilly assume that with the new Zebau asembly line, they will win some.
After the big run in price, i was expecting a small correction or sideway movement in
the SP.
With such a small float and lack of interest because of it's size, this is normal.
I am not selling a single of my shares because i will never know when the next
major annoucement will be made and with every annoucement we will see a
bounce in the SP.
Why sell in the $3.70 when i think that my stock will be trading north of $6 before year end.
I wrote to the CFO, he was very generous with the detail provided.
I am even more confident that they will make at least 80 cents this year and more than
$1 / share next year.
Here is the link to the ford news.unfortunatly for it's in french for those who can't read french
Filire qubcoise des batteries | Ford a achet son terrain Bcancour | La Presse