personally i dont like your opening setntence...and even you put Buy as your sentiments, what price people wanna buy in a stock, the higher the better or the opposite?
i am buying because O'Keefee and his records, and thanks for the inputs of @Anton Chigurh ...
as others long said, EHX is a small float and highly helds, and given alonst 13m units held by Mr O'keefee, there should be a strong evidence and commitments for him to do the deal at Peru, or he might have others plays which he cant disclose at this stage.
you call whoever stated EV for EHX is $1.3m as Ramper so you wanna tell others how Objective you are...
as far as i learnt from University:
Before money got spent, it should be kept in the bank as Cash, so given there is No liability for EHX, so whatever its SOI will be timed to its Market price to get market cap, then minus its Available cash to get a EV for the company, therefor, i am surprise the way you calculate its EV as $7m while EHX still get $6m at bank?????
anyone who no idea about EV can just Google, and type in " how to calculate EV for a company?" how simple it is?? rather than leaning the new way for calculating EV from HC....
that is how important the DYOR is..
BDM Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
