Gotcha--I would think for test wells that the price of oil is not particularly a factor unless it really heads south (like $60 or something)--obviously something is holding them back, though, so who knows
How much further can we really be set back with a 15M market cap? Or do you mean it might delay the drilling timeline?
Either way, I think low-priced oil will have zero effect on Entek pps and GRMR drilling plans.
ADXS has a 50M market cap; I don't consider it one up on INO and apparently neither does the investment community.
Good to know, thanks
Aricept/donepezil would be the SOC, I suppose
Can they get a patent on Anavex PLUS since Aricept/donepezil forms a part of Anavex PLUS, or can they just patent the Anavex 2-73 portion of Anavex PLUS?
It is actually greatly to AXAS' long term advantage
The company has very low debt and will be in good position to buy acreage on the cheap from companies that have high debt and will be forced to sell at depressed prices
The company also has hedges to carry it through 2015, so unless you think OPEC really wants $60 oil for over a year, the current price of oil is not going to be a huge issue for AXAS, especially relative to many of its peers with worse-looking balance sheets
AXAS can afford to wait it out if necessary, but I don't think it will be necessary
Nice, you timed it much better than I did--bought more around 3.80 a few days ago
Was thinking if it somehow got down to $3 flat I would buy another tranche
I bet you see at least $1.50 over that $3.20 purchase over the next month or two
definitely panic selling, aka an opportunity to make money
might not pick the bottom perfectly, but anything down here is going to be a great buy long term
axas ain't going belly up
The downturn is purely macro--the company itself is stronger than it has ever been and well positioned to take great advantage of the general o&g turmoil
If this continues shareholders will obviously suffer shortterm watching the sp go down (hopefully with some dry powder on hand to pick up more shares at firesale prices), but the company itself will have some fantastic opportunities to pick up cheap acreage from companies whose balance sheet is far less pristine than Sundance's
The quarterly comes out at the end of this month and according to the CEO will show that the company has already achieved the top end of its full-year guidance for 2014
Company also has many hedges in place (ranging from high $80s to low $100s) that will greatly mitigate the impact on the company of the recent drop in the price of oil.
Agreed--much more active message board (understandably since it covers the Aussie side rather than the US side) with lots of good info
I tried to call the bottom at $1.00 (sdcjf not sea), which was obviously a bit premature, but I expect to be plenty green on those shares after the quarterly (if not before)
I've been holding since shortly before the reverse split a couple years ago and made a lot of money on the rise from a SP less than $2 up to $17. I had to endure a long period of declining share price (down to below that $2 level) in order to reap the rewards. If you're patient you (and I) might be able to reap those same rewards in the months to come. If not, then probably not.
I need to remember that people getting sick is nothing to celebrate. I want Inovio to be part of the solution to Ebola if necessary, but I need to remember that the people getting sick are real people with real families, and it would be better by far if Inovio's help were not needed and that Ebola abated and did not continue to spread. I badly want Inovio to take out all kinds of terrible diseases and make us all a ton of money in the process, but I need to remind myself not to be pleased at the spread of human suffering for helping bring those things to pass. Besides there are plenty of pre-existing diseases to address without an epidemic.
It is really rare to find useful posts on the yahoo boards--thanks for providing one! Hopefully the sun will shine on this company and its impressive and important technology, and all that hard work will pay off.
Thanks very much for the information, Matt, much appreciated!