RE:RE:Why so Down?Canticle wrote: It's trading about fair value right now, absent consideration of a buyout and factoring in an unknown spinout value, market seems to feel it's worth between $3.50 - $4.50. In my opinion means the spinout is likely going to have a value of around .50 per share once its carved off.
I think a buyout high end is $12 once the spinout occurs, more likely $10, I'll be happy with either if it occurs.
I think enthusiasts were thinking there would be more to the hydrogen announcement and value to the spinoff, and the selloff reflects that its not nearly as encouraging as they thought it would be.
Funny, I've been saying $8-$12 for the last while (ever since the resource kept expanding due to the drilling program). I'm currently using $10.55, on a fully-diluted basis, as that makes the purchase price at approximately a cool $1 billion for the asset on a buy-out.