GREY:AVGCF - Post by User
Comment by
MountainHikeron May 24, 2001 4:16pm
286 Views
Post# 3782916
RE: consider the following
RE: consider the following
I have been in this company from the begining.
Look at what the market is telling you.
Here is a company with 125 million shares O/S, they have announced a two well drilling program in trinidad, limited production, no debt, and trading at new highs. Look at the graph people.
Supposing you could expect $20 per boe expect a price of around $1.20 in the next month or so.
This is taking into account 25% interest in this block and assumming risk free exploration and a prize of about 30 mmbbls. This is a fairly pestimistic forecast in my eyes.
manmillion,
I suggest you look at bit closer at their fully diluted shares. It is more than 125 million shares outstanding.
Am I bullish? Yes. I am not going to silly enough to provide a stock price with such little information to work with.
But, please before accusing me of doing something, get your facts straight.