I agree with you Meister that ultimately FA should be the basis of one's investment decisions, I always look at TA as a complementary tool to see where we are in the cycle and to give me further clues of upside/downside potential.
Assuming MB has got this story right - and I believe he has; and assuming he executes the way he should - which I believe he will; then GEV is ridiculolusly cheap at current prices.
Another deal or two and ABS approval should see this share price comfortably through the $1 level. Prior to that occuring, we will already have offshore institutional support. And given where LNG was at its evolution and where GEV is today, I think it's safe to conclude that GEV has a tighter register and a story requiring much less capex and that is unaffected by the natural gas price. Consequently, a market cap of $1bn+ this year would not surprise.
Now even given an additional placement or two, you tell me where the share price will be if that occurs.
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.61M |
Open | High | Low | Value | Volume |
2.0¢ | 2.2¢ | 2.0¢ | $9.116K | 440.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 646027 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 3600 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 646027 | 0.020 |
2 | 645000 | 0.019 |
4 | 634755 | 0.018 |
6 | 768800 | 0.017 |
7 | 502706 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 3600 | 1 |
0.024 | 20833 | 1 |
0.025 | 36624 | 3 |
0.026 | 90400 | 2 |
0.027 | 114000 | 1 |
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