Did the locals tell you it was going to a buck? LOL
So they have $3 a share in cash and a million ton offtake worth $8 Billion.
yes the share price can get crushed, but I believe management can be creative enough to avoid much dilution in getting this into production.
why would anyone want to sell their shares before it goes into production. The analysts and the math says $80- $100 a share at full production. I think I will wait for that. I plan on buying more.
I said here months ago that I think Wpx is going to .25 cents. They are releasing financial statements mid may for the first quarter. My guess is that they are down to under $3 million in cash by march 31st, which translated into close to a million in the bank by June. A hugely dilutive PP is coming methinks.