RE:Long Term Price Target | 50 to 55 Production WellsThank you both for taking the time to read my post and provide feedback. It is definitely very frustrating to see the City of Flagstaff’s ill-informed legal and PR position. Hopefully, this will be addressed quickly and favorably for DME and the results from the third well can be presented without this issue lingering.
I appreciate the insight into the estimated additional CAPEX required to complete the first six production wells and what that might mean for more dilution and/or the company taking on debt. Also, good to know there can be a wide variance on level of production between wells.
I started buying DMEHF (US investor) in July and have been steadily increasing my position each month. Currently sitting at 75,000 shares with an average trade price of $0.71 (USD). Hoping to get to 100,000 shares in the next quarter or two and then hold for multiple years as I also see this stock having significant growth potential as well as value from potential dividends if free cash-flow supports it down the road.
On a separate note, given Irwin Olian’s continued role as a Senior Financial Consultant and his experience with both Canadian/TSX and NASDAQ listed companies, do you think there is a chance that DME may Uplist to the NASDAQ in a couple years once they have proven production with revenues/earnings that meet the listing requirements? I know there is greater listing and compliance costs to the company, but interested to read your thoughts on if the greater exposure and pedigree of being listed on NASDAQ would be a net positive.
Again, thanks for any and all feedback and thoughts.