Book value is according to this 1.48 with a price/book value of 1.0

If you look to the latest chart of CLL that's just the point where we need to go over for a new leg up towards 1.85 .

But could it be once we see the start of pumping up bitumen from Algar the book value can change or is the production already factured in from Algar into this value.

Compared to other firms CLL is not so bad placed though it remains a tricky stock.At current price the downside is not so high unless we face another downfall in oil price.

Maybe once they start ramping up and they face no major problems the sp could start rising again like we saw for pod 1 before the crisis.With the expieriance they had from upstart from pod 1 they can hopefully have a better start and reaching better SOR sooner.

This week and in this weekend we have elections in the Netherlands and Belgium .Politicians knew they had to take severe steps to get their debt situations in line with European rules.If they succeed to frm a stable parlement the focus on the € could calm but so far I'm not sure of that.The markets are trapped between some good economic news but the Eurozone trouble put a damper on this situationWill last for some time i guess until we can start to move up again.