CGX Energy Inc V.OYL

forget everything else

[a2bman]

is the port worth the mkt cap?  I have to think yes, based on port construction costs in other countries, but to me that port doesnt look like much, so IDK.

[IceDog13]

This will become clearer as CGX reports earnings over the next couple of quarters. The port although operational for limited use is still far from complete. Just need to take a look at some of the recent pics shared here, and compare to pics of what the port "should" look like when completed from their presentation... https://cgxenergy.com/wp-content/uploads/2022/08/Deep-Water-Port

[a2bman]

$50MM at todays price would double the number shares out.  They had 2MM in the bank in Sept.  I'd like to know what the plan is.   Do you think someone would pay 50MM for that port as is?  

[IceDog13]

50mil as is... I would guess no as I think they have only sunk about 40mil into it. 50 mil today as is would be top dollar plus for a half completed project.