Winsol your math skills are shocking. 3x $1.33 = $3.99. Regardless of this neither stocks will triple in the next few months or even the year for that matter.
SDL @ $1.45 = $4 billion MC. That doesn't take into account the next capital raising which will HAPPEN within 12 months given the cash burn to come. I wouldn't listen to the SDL fan club, a large proportion are in love with the stock and have little financial understanding or comprehension. Those valuations i've seen are as bad as they come. The only way SDL could see that sort of market cap is if they discover a new mini Pilbara in the midst of the African jungle :P
GBG @ $3.99 = $3.78 billion MC. Again completely overvalued if it were to trade there, infact I would sell my entire holding. Earnings don't justify it. The best GBG can hope for is the low $2 range towards the end of 2011. We have suffered too much dilution on the path to production. The SDL fan club will discover large scale dilution as they 'try' to deliver a significantly bigger mine with more infrastructure hurdles and requirements. Those valuations on their forum will look quite silly :P
Hi guys
some people on SDL are saying the stock could get to $3.75 just before production in 2014, are they nuts? they also say people laughed at fortescue and they went up to $13 with little or no actual dilution, ps. i dont own either stocks mentioned,yet.
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