Share PriceI share in the frustration with many here - the company has not been able to sustain the momentum it started when this project was first announced. From partnering with Vital to getting flow rates on the first well has been a slow crawl to say the least. With that said however, I am still very bullish on the year to come. The potential is there, the variables are there to project future earnings, the question is: can they fuking execute!?
When flow rates are released, I’m not expecting a massIve pop in price. Frankly, they need good numbers to prove the validity of what they’re doing and to proceed with the next 6 wells. I do anticipate those coming online in more timely and efficient manner. Once all 7 wells are producing, we have money flowing in and they announce the next phase of the project, that’s when I see us gaining some steam.
Of course I wish things were moving along more quickly and SP was sitting at +.50 but I do understand the approach of the company. This isn’t some pump and dump sham. This is a real project with some serious potential. Again, if executed correctly, shareholders will be rewarded and we will see this realization this year.
Yes, pot stocks and cryptos are sexy and getting lots of attention. But if Cerus can stay on track and deliver the goods, the story will get out and investors will see the value of this play. Downside is minimal in my opinion. Come this time next year, I definitely see a 10 bagger potential. We can easily climb to over $1 once we have a couple banger wells and the rollout of phases 2 and 3.
Pull the panties up, hold on to those fuking shares and be patient. These guys will deliver. With extra cash, go ahead and chase the short term gains elsewhere, there are lots of opportunities. Realize those gains and add to you’re position here.
good luck boys, stay positive
My EOY Target Price: $1.50