Who cares about $30 and when...its the $10, $15 or $20 billion market cap I am waiting for.
The right news will push us past $30 for good and onward.
You are probably correct...but I can wait for the bigger payday and we are sitting nicely until the next news imho.
Its been 108 million since the end of Feb/2015 and has been discussed by the company for some time now.
This is up from approx. 99 million at year end. Also very well disclosed for some time now.
Most already know these figures will be going higher as will sales over time.
LOL...gee you think the increased # of shares are effecting what Zack's is touting ? LOL
To think, people actually pay for this info.
Anyway...the right news should push this higher...despite Zack's focus on loss/share.
1. They have already stated they plan to spend a large part of that cash.
2. You are not counting the write down value of the properties that remain.
I have been looking for $12 area for some time now as a area to go long ( no current position long or short) but maybe even that will be early.
A natural progression of the pipeline but nothing really special in terms of a near term value driver imho.
Good chance for shorts to press and give a impression of weakness along with a very week market and a somewhat short term overbought CLDX . I am happy to see that short interest rise and let them pay $150-$200 in the next 10 years. Today, the 3 billion market cap area is pretty fair.
agree thegreyfrog....basically flat.
I still hope to see it higher though...closer to my 24-25 million share target....then let them suffer...LOL
Its a technical thing...P&F chart also lowered from $7 to $6
On the cash issue...they already layed out plans to spend a good part of it on buybacks and new properties mainly focused on oil.
That seems crazy but clearly the street doesn't like managements plans or the current pricing of gas and oil.
Still like my $12 now that $15 was broken. We will see.
With the over allotment exercised we have approx. 98 million shares outstanding.
We hit it a bit earlier than I thought but so was the secondary
CLDX worth every penny...now to build even more value !!!
I think you need varli on the market to get over $150 and that wont be on the market in 2017....but when things get crazy one never knows for sure.