Post by
kingscorpion on Sep 20, 2021 10:50pm
Acquisition/s will come
They did say they have started talking to some of these potential acquisition targets So those are not going to be on the news yet. Only when something concrete is signed will a news release will be out. Now like I said CVX pipeline sits around $367 mil Lets also realize that CVX s cellular concrete is much cheaper and 70%-80% faster/quicker to pour and more durable compare to typical concrete Especially against ground shifting which the trial with Lafarge is all about. This means CVX will benefit from getting big part from this pipeline (IMO) While the sorting and awarding these contracts goes thru their proper course They will take into account all the benefits CVX has to offer before awarding them to companies. In the meantime CVX has 2 years worth of contracts that should take the s.p to well over $1.25 That is if their recent forward looking statement holds true and they make $40 mil plus per year and you all know their fixed cost per annum is $20 mil This means $20 mil profit and this means share price around $1.75 Currently they have .17c-.18c per share in cash and $91 mil in contracts and a target price of $1.24 by 2 analysts I have waited 2 years and a bit to realize well over 1200% on PYR and all this movement reminds me of PYR in it's early stages So be patient and pick your point of entry and invest long term