GREY:CLLZF - Post by User
Post by
prairie08sheikon Nov 29, 2010 7:02pm
648 Views
Post# 17773248
Should be easily $10
Should be easily $10Yardstick used to be $10.00 share price for a junior company pumping 10,000 bd.
As with ATH, China oil company with trillion of US dollars behind them-guess no dilution of shares to raise funds to bring wells to completion there.
India had team(s) in oil sands for past several years, guess again, tired of kicking tires and they did the next best thing, bring an efficient car to market in terms of costs, less than couple thousand.
UTS did bring anything to market except more and more shares and eventhough having sold out, still managed to retain one of the last open pit areas that still could be a takeover target. SBE is still above the price since they listed.
CLL has not dropped as much as the company they have in SA, PDP. It fell from $20 to under a dollar.
CLL first pod came in fine and believe they were ahead of schedule and cost for the second one in times of labour shortages and very high costs.
I am not surprised that STP has not picked them up, as they are picking up juniors ROH and NPE for pennies compared to the land acerage and reserves.
I haven't looked who surrounds their properties if these might be potential buyers.
Does anyone want to throw some names into the hat?