RE:Possible ScenarioI actually read it as $55 MM in grants ( $45 MM +10 MM) but correct me if I'm wrong. Thats something like .70 cents a share. I also think there are still more grants potentially to come. Basically at .80 cents a share 15+ years of work, technology , partnerships , tax losses, and patents are all essentially free with an .80 cent share price. I intend to add significantly to my holdings over the coming days as I feel the risk is now completely out of the stock.
What do I expect going forward?
1) Most importantly I think these grants take away any final risk of this project not going forward. Phase 4 of FEED should be pretty much complete and the next step is finanlizing a commecial agreement in the coming months. I still estimate once we seee it that the current NPV could be north of $5 a share just on CNRL alone.
2) Adding othher partners who are part of COSIA. Suncor, IMO, Shell, Syncrude have all been possible partners that must abide by COSIA approved projects. Thats $3 to $5 NPV per project.
3) Time for Scott Nelson to step aside and get someone in there that knows the industry players.
4) Financings and JV's from end users, partners, vendors, pipelines, govt, etc. Hopefully all non-dilutive to shareholders.
GLTA. As others have said. We have waited a long time and now is the time to add as we see the fruition of all this long and painful work.Stock price does not in any way reflect this . No way I'm selling now. As I said, I'll be adding over the coming days and weeks.
ALLISGOOD