This is the sort of stock that can rise (will imho) against a wall of disbelief. George Soros loved companies where share price rose against a wall of disbelief. Best historical example I have is FMG. The potential for INK to replicate the FMG multiples is there. The upside is there. Half the oil in the world is heavy. Venezuelan oil falls in this category. The margins are there. There is a pile of projects and deep wallet customers kicking tyres.
Unfortunately nothing has been done by management to breakdown the wall of disbelief. The opinion of the technology head or the inventor has not been quoted in announcements on whether they think making these two oil provinces flow is feasible. Nor have any explanations been given on why these two oil types were chosen as opposed to numerous other heavy oil provinces.
My research points to the this magic chemical having been successful technically and commercially in the past. It will prove itself in the future.
To me a re rating can happen at any time.
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