Lonestar growth
Lonestar growth
LNREF up 27% over the past few weeks, since it first came on the radar. Another nice earner!
Re: Lonestar growth
I think Lonestar has a good chance of moving rapidly toward my valuation of $10.60 when it up lists to NASDAQ.
A lot of fund managers are forbidden from buying pink sheet companies. When it moves to NASDAQ a lot of investors will be looking at it for the first time and they are going to like what they see. Today, the stock is still trading at less than 2X my cash flow per share forecast for 2016.
A lot of fund managers are forbidden from buying pink sheet companies. When it moves to NASDAQ a lot of investors will be looking at it for the first time and they are going to like what they see. Today, the stock is still trading at less than 2X my cash flow per share forecast for 2016.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group