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Any volume?
Are you still in?
Thanks for the heads up. I am going to open an option accunt on Monday.
I hope the stock can build a base in the .07-.08 range.
I know the stock will react on good news. I am told good news is coming.
I am thinking of looking at options in the environment. The sharp move in big board stocks seems to create alot of opportunity.
Risk reward should be the firts measure when you decide to pick up a stock in order to start a large position.
CYLC should be the next FRGY. 100% agreed.
Yes I did see it. Brentjanice is giving people a good idea of the potential upside on CYLC. I think starting to build a position in the .07-.08 range is a wise idea and gives investors good upside once the company executes on the LOI and the funding. The revenue from both wells is huge.
How do you pick your option plays?
Biz dev news next week.
His valuation shows us the upside when everything closes.
Are you short here?
Did you buy some puts?
This is a sad situation.
I am told we are going to see news next week.
I think a base of .075 here would be great and then a move to .10 to .12.
Upside on CYLC is there. Time will deliver us a much higher PPS.
Nice pick with CYLC
Thanks Chartinator, :)
No mother of dilution Midtrans. Project financing. As for the LOI factor, this is the normal biz dev process. First we get the LOI and then we get the deal. I think you need to look at this on a risk reward basis. Risk is low, reward is high. GLTY my friend.
Hi Brent,
The LOI could be an issue in some investor's eyes. I have spoken to management about their plans for financing and closing. They have lined up project financing so to minimize dilution. The upside if they successfully close and fund is amazing. The downside is nominal. We have a $3 million market cap at the close on Friday. The company will be releasing news on existing projects in the upcoming weeks which would justify the existing $3 million market cap.
Midtrans is right about his observation about the LOI but my optimistic outlook comes from a risk reward analysis.
Cheers
Screamingeagle
Amazing Post BrentJanice. I am going to confirm everything with the CEO on Monday and gte back to the board.
The magic 100 is around the corner.
Nice insight by the buyer :))))
I wish my crystal ball was that clear .
You think volume could get that high?
Very nice.
The projected conservative production revenues from these two producing oil wells is approximately $1,080,000 per month less expected $25,000 per month operating costs (as per the company)
I think you are in the right place at the right time. Give CYLC a hard look.
I am looking into Medinah as we speak Ultra :)
Cheers and have a great weekend.
I like the potential on CYLC. Market cap of $3 million and 1.4 million barrels of reserves. I spoke to the company and they are using project financing so no dilution. On top of that we are expecting news next week.
I was in both at the beginning. Patience is key for a big win. Let your winners run.
A short by Nite would be great news. I hope to see you in the CYLC family. This one is a buy and hold. I am looking for $1.00 with more business development in the next 6 months. Please let us know yout thoughts. Your input on this board is respected and appreciated.
You are welcome lobster. Everything ok with you?
I will be watching next week. Starting my DD.
I will check it out Blockman. Thanks :)
The stock seems to have good daily volume.
Nice picks blockman.
I will work on the IBOX tomorrow :)