Post by
PlantManager013 on Dec 21, 2020 5:06pm
Auestion for fellow investors
Does anyone know what is the timeline for completing the commissioning of the refinery?
I am interested in investi in this company, but timing is crucial.
Comment by
Toront on Dec 21, 2020 6:17pm
I am sure once refinery is about to operate this share price will be close to $10? Any thoughts?
Comment by
RudeyT on Dec 21, 2020 6:39pm
At current outstanding shares, $10/share would value FCC at about 4 billion... That's about 15x expected annual revenue. I'd say that's an optimistic price range.
Comment by
AaronEggs on Dec 21, 2020 11:10pm
Where'd you hear expected revenue is 200m +?
Comment by
ElJ on Dec 21, 2020 8:56pm
Toront, For clarification,..... were you including a share consolidation to be implemented during the intervening year and a half (approx.) ? Otherwise I would agree with Rudey... you are projecting an excessively optimistic X35 ElJ
Comment by
Toront on Dec 21, 2020 10:26pm
I was not considering consolidation. When we expect consolidation?
Comment by
PlantManager013 on Dec 21, 2020 6:35pm
Thank you for the response. Did they say that in a press release? If that's the case, then we need to think what catalysts there are between now and then. I'm asduming they will have updates on major milestones achieved, plus supply deals, once they get close to commissioning.