We all know that the stock has taken a big hit recently. Post your 2 month, 6 month, and one year predictions here and maybe we can have an intelligent ( i know its difficult) conversation about the stock.
2 months- I see about what it is now being a 4.50-5.50 stock because there isn't much action going on.
6 months- I see it being a 7-10 dollar stock because I predict they will hit oil in this time period (even if they can't start readily producing it) The promise is very good and I think everyone that is waiting is going to be rewarded.
1 year- I see the company start to chip away at the massive debt and begin to (dare I say it) become profitable hopefully due to lots of oil production in the haynesville and Baaken plays.
*now, if they don't find oil...it stays at a $4 stock forever.
Natural gas price will be over $5 in less than a month. This will cause stocks like GMXR to come back into focus. Aside from the fact that being a low cost producer it will be highly profitable at high nat gas prices, it will also be a acquisition target. My guess is it will be over $8 in about 2 months and over $12 by the year end.
You do realize GMXR is near all time lows right now. While Nat gas prics have been rocketing. And that looks very bad. Stocks dont go from low to highs in 2 months. you will be here 6 months from now and the stock will still be under $5