Hi Guys, Good to see things are going well for CES over here at the moment. I have sold out now, not really of choice but needed a house deposit of which CES helped somewhat(you gotta live right?).
Just one thing Pachino, I think your earning calcs are a little out. If CES are producing their max. 2mill Mt at max $3us per Mt, then that would leave CES with yearly earnings around 7c per share, not 55c. ($6mill divide 82million shares)
At 55c return per share per annum, that would be around $45million. Sorry if I got that wrong, but I think 7cps is more realistic.
Good luck all
Disco.
AQJ Price at posting:
6.5¢ Sentiment: None Disclosure: Not Held