RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:SAGD Warm Up Phase
Quintessential1 wrote: Okay and that's a really good return but let's be clear. That's after stage 2 right? 3-4 years out?
And yeah we get paid .72 cents a share per year to wait and I'm good with that.
But how much would you take now not to wait? And no one is paying the full price now...I don't think.
GLTA
JayBanks wrote:
Quintessential1 wrote: Yeah very.
Just out of curiosity when do you think CJ can achieve a $12 share price organically?
GLTA
I think we could hit $14 after the project is online and we are on regular CAPEX with pay down happening/close to complete, and we get 72 cents per year to wait for it...
Yes, 3ish years... I am also projecting what the market is likely to do when(if) we hit the plan for 75% of returns to shareholders which I believe is Bank debt free... so figuring on a little buyback and likely a dividend raise to 9-10ish cents... so it's a little pie in the sky but was also mathematically very do able pre SAGD development.
I think the price would depend on if it's straight cash or merger...
Straight cash I'd want +10 which I don't see as likely currently... we can likely be bought for less.
Merger I may be ok to take less value depending on the company as I would still theoretically get to realize our upside if I want to stick around.