Back in February/March of this year (after the Albanian deal was announced: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47413795), I stated that the price should approach 20 cents this summer, and hit 50 cents by the late fall. However, that was before the Ash Cloud delayed things substantially.
I now don't believe it will hit 20 cents by the end of August, but we'll see 50 cents by year's end.
I'm more interested in comments made by Richard Wadsworth during the AGM regarding SNV acquiring heavy oilfields of their own (northern Iraq maybe???). If he is successful in that endeavour, then the share price will really take off.
As for the analyst's prediction of $0.71, I don't believe a word of it. He's basing that price on income from SonoAsh, which has yet to leave the R&D hemisphere.
Nevertheless, it should get interesting from here on in. The initial start-up phase (testing) of the Albanian plant should be completed by the end of September. Although they predicted that the annual profit from that one machine alone will be $900,000, they will know for sure in October.
If that one machine proves to be economically viable, then they'll have numerous customers lined up. I'm hoping for contracts of 25,000 bbd by the end of the year.
Add to that, in November, the SonoOil patent will be made public. That news alone should lift the shareprice.
News from the advances of the SonoAsh division should be available by next winter.
Then there is the Environmental division. Thus far EIG has only paid $250,000 of the $1.5 Million. Waiting to see when they are going to pay the remainder.
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