GREY:CUDBF - Post by User
Post by
biggerironon Oct 16, 2014 1:52pm
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Post# 23034701
What is a realistic point of view about the
What is a realistic point of view about the
upcoming events: 1) The balance of the funding, top up of PP#1 to $6MM. Not going to happen. the oil industry is under serious stress, and the price of oil is very low at the spot price level and the futures market. The odds against are 60/40 2) Drilling at J5, the prospect of a real good find is still 50/50 chance. It all adds up to a lot of downside, and indicates that current price level of the stock is much too high. My opinion only!!