TSXV:DVG.H - Post by User
Post by
Chincy1on Mar 03, 2015 2:05pm
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Post# 23484726
waiting game now...
waiting game now...
I also heard from numerous sources that there was very good interest at the KS event...obviously it is a wait and see approach for most investors at the conference. I get that...at this point we are somewhat of a speculation, as results from the testing become clearer, I suspect buying interest will grow. Once the technology is proven out, we should be more viewed as less of a speculation and more of a revenue and growth company. For those that have not thought about the potential, 1% of the rod string artificial lift mkt represents 7500 units. Lets say this seasoned and connected management team can sell and install 750 a year * approx $150,000 per unit (+/- I have heard anywhere from 100k - 200k) = $112,500,000 revenue per year with good margins. Our partner in the test could potential represent a large portion of those sales...that is one company. Use whatever valuation tool you want and the upside in share price is significant. Pie in the sky until the test comes back most are thinking, but to me at the current price, the risk/reward is significant. GLTA C1