GREY:NOVUF - Post by User
Comment by
Empire82on Feb 09, 2011 10:32pm
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Post# 18106672
RE: Takeover ?
RE: Takeover ?No pump for Novus but Westfire got pumped huge putting it as his top pick again saying that he thinks it has a 1.7 billion dollar potential value, and with cutting that in half a $20 dollar share price and that is with 805 net locations. Now here is a question for some smart members of the board. If Novus has 575 net locations according to their last press release what kind of potential market cap would Novus be looking at in the future. I remember Nuttall saying 150% upside If I remember right??
Also important to note that even though Novus does have a lot more shares outstanding than Westfire which I dont like they do have 0 debt on their balance sheet compared to Westfires 22 million. Both companies look really good
GMP Novus target price $1.60
Cormack Novus target price $1.75