GREY:CLLZF - Post by User
Post by
november01on Aug 24, 2011 1:08pm
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Post# 18975277
Share value
Share valueGood day all. I am new to this board but I have been a long term shareholder of this company. I find it vary hard to believe that the market cap is not much more then the cost to build Algar. It's quit obvious they will never be able to produce 10,000 barrels per day however this stock is still very under valued. The biggest mistake this company made was stating POD1 and Algar would produce 10,000 bpd, 8,000 bpd would have been more realistic and share value would have probably been at a more reasonable value even with the debt. If another company made a buyout offer at $1.00 per share I would definitely vote in favor of the takeover.