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17/05/18
23:37
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Originally posted by dpdebrec
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You are completely missing the boat.
Have you looked at their 2017 Annual Report (Y/E 31 Dec 2017) ?
They made losses for the year ! EPS Negative 0.98 of a cent.
There seems to be some blue sky there BUT look at the bottom line.
If Merlin get production going & can show a net monthly cash flow of $3 million i.e. $36 mill per annum
What market capp would you put the stock at ? I think that $ 320 million would be a fair figure.
There you have it, not difficult at all to get to 10 cents.
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You are completely missing the boat.
Originally posted by Boating
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Although there are 3b shares on issue the free float excluding substantial holders is minimal based on company mv.
If traders or brokers realise the opportunity and bring MED into play it would get interesting.
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Nah, looks like 'the boat' just turned up on time!
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And if his prediction is anything to go buy or by,
we could all be 'boating' sooner than we think