Yes 300M is pretty good, almost to much in the scheme and sales/revenue of things right at this very moment. We also need to be aware that EDE is still making a loss each year. But with each quarter the loss is getting less and less. That's why when we do get an announcement we get a jump on the back of hype. The strategic investors see this as an opportunity to get out and purchase at a lower price. There hasn't been an announcement as yet to actually move the stock and allow it to hold its gains. Only way this is going to happen is like we have all been saying and that is increasing constant, consistent, repeat sales.
I'm still standing behind my FA figures i did about 1 yr ago, that the current EDE price has already factored in the GS2 plant 12 months sales. Using 2.4mill gallons with a 20% profit margin (worst best case scenario) gives you a 1cent per share value. I use 20% profit margin as the worst case as we have previously sold Edencrete at $18 a gallon which is 28% discount on the current sale price. Given the price is range bound between 20-30cents this gives a speculated PE of 20-30. Until a time comes that we are in need of more than 1.2mill gallons a year I still think we will be range bound from $0.20 to $0.50.
EDE Price at posting:
22.5¢ Sentiment: None Disclosure: Held
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