RE:TradeTracer: what's your disclosure?sandysouci wrote: are you long, short, or no position in CMC?...
fyi: I am long...
please post, thank you
Last summer the Medicine Hat paper ran an article about a biodiesel refinery was facing opposition to getting built. In it they stated that the company would take railway ties and garbage and turn it into diesel. I did some research and figured it was well worth the risk/reward to go long.
Doing my own dd, figured at the stage they were in the valuation would be prime at $300 million (fully diluted) Sold a good chunk at around $0.50...then the Robert McWhirter effect happened and was fortunate enough to buy back a few at $0.90 to ride it up to the billion dollar valuation that took place due to his "biggest holdings by far/easy $8 share price" statements
I'm since out fully around the $1.30 range, just because I see lots of competition heating up with bigger production numbers than Cielo currently has, and a better brand name which would help them in terms of financing/ and the critical less share dilution
The sudden pullback to the $0.90s March 5 definitely makes one hesitant on whether one should stay on the sidelines, or dip back in.
I have prior experience in these small caps, with my latest example being Nexoptic (TSX:NXO) that has a game changing camera/lens setup (with partnerships with Nvidia and Qualcolm) and went parabolic last summer, but has since become "hush" money. If Cielo follows the same path, then my previous valuation would come to fruition.