Still a long way off your $4.00 price target.
Lets see what the next announcement says as I think its very likely they will downgrade production forecasts plus increase CAPEX spend.
Whoever gets the new contract to replace Clough is very likely going to charge more than Clough as clearly Cloough were undercharging on their contracts which is why they went bust.
Everyone keeps saying this a cashcow company generating huge amounts of money and yet last quarter net cash dropped by $29M
The problem continues to be high CAPEX spend and depleting reserves and I see this continuing.
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