RE:RE:Cardinals Valuation...Could even be swingier with Nuttall owning such a large stake.
He has effectvely lowered the public float abit. And also likely has keep the shorters away as CJ is hardly shorted. Shorts keep the market honest and they can;t touch this right now with Nuttall involved. CJ was always shorted in 2019 but not now.
I wonder what his exit strategy is...I mean his stakes are getting so large in some of these juniors...and realistically...ATH, CJ and GXE will not likely not be his top 3 in six months.
I think it will be tough for CJ to move past 3.20.
Q1 earnings are likely being pressed in right now...it is obvious to anyone with a working and functioning brain that CJ will have a huge net income. The price deck for WTI was 47 dollars in CJ last price deck for impairment tests. Every 5 % change on commodity prices are like 52m of impairment reversal income.
Possible Q1 doesnt move things as current price is pricing these news in.