GREY:CXEYF - Post by User
Comment by
mind_businesson Nov 07, 2011 8:35pm
230 Views
Post# 19217104
RE: RE: RE: Candax Completes Oil Equity Lifting
RE: RE: RE: Candax Completes Oil Equity Lifting
Oris,
I posted this earlier when someone was hoping to reach
.50 per share. It bears repeating once in a while. Don't want you to get your hopes up that we'll reach $1.00 anytime soon:
Unfortunately you can't compare the share price based on past valuations. They've diluted the shares considerably since the $1.75 per share days:
2011 # of common shares = 853.6 million
2006 # of common shares = 160.3 million
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A better way to look at it is the market cap at its peak vs today (using # of common shares for simplicity):
At its peak: $1.75 x 160.3M shares = $280.5 million
Today:
.05 x 853.6M shares = $43 million
Yes there's room for an increase in share price, but not what you're hoping for. $.50 per share would mean a market cap of $430 million. The only way we're getting there is if they successfully drill deep triassic or equivalent.