LGX Oil + Gas Inc ROAOF

reduced target due to dilution

[ziggy19]

well i understand how the extra shares affect the cash flow per share however the extra shares at $3.71 does it not give us more money??? and is it not possible that with this exta money(drilling)that we will be able to extract more value???anyways i`m a little confused how js can justify cux 1.70 cash flow exit of 06 give it a ten multiple and come up with a $17 target and base our $3 cash flow a target of $6.60 but we`ll find out. ps i`m not going anywhere in fact i added 10% more at $3.87 and worst case scenario that 6.60 target is prob 12 -18 months out ain`t that bad a return.