Post by
Aim2smite on Jan 25, 2017 8:39am
very positive news!!
Just initiated a position on this one yesterday and am so glad reading such positive news. Did my due diligence and figured out the stock roughly traded about 13 mil shares since the presentation took place on Jan 19. The people who ran the stock up by buying from 18 cents to 32 cents must be very confident and positive of the future development of this project. The bottomline is that the current market cap is still hardly reflecting the real value of the project and given the 70 mil cash WPX is sitting on, I think that a target of 70 to 80 cents is not unrealistic. Lets see how it plays out and how serious are those investors who bought in at 30 cents level. GLTA
Comment by
MissingA9 on Jan 25, 2017 8:53am
that is possible but it seems like this is a sell the news event. I probably will trim a bit if I get the chance. I read that the company when fully operational is only worth a ~ a buck and we are years from that period but we will see I guess.
Comment by
Aim2smite on Jan 25, 2017 8:56am
If the new investors are serious about this play, they will accumulate more at this level as the last financing was done at 33.5 cents. I'll add more if it still trades at this level. GLTA