GREY:ARWJF - Post by User
Comment by
robcowieon Feb 19, 2014 2:20pm
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Post# 22226204
RE:RE:RE:RE:ARW will hit 10 cents before it goes to 50
RE:RE:RE:RE:ARW will hit 10 cents before it goes to 50
Here is another example why I believe ARW is so undervalued.(POP) trades in the low 20s.Company has 60 barrels production a day,under a million in cash , and 60,000,000 million fully diluted..They have no line of credit to back them.Company is just starting to drill a test well and might get a second one done before break up.They are doing the drilling with a joint venture partner,so POP only gets 50% production if they are successful.ARW is miles ahead of this company, yet we are only trading a couple of cents from them.