Bubbles MCGee I want you to comment on these 2 cases. You say...

Bubbles MCGee I want you to comment on these 2 cases. You say EDE is a buy. and QIN is get out at all costs. According to the rationality of the market you are probably right.

EDE has a MC of about $250 mil while poor QIN is in the doldrums @ a MC of $120 mil. According to the market EDE is worth 2 times QIN.

EDE has $20 mil in cash while QIN has $89, EDE has no debt but QIN has $330 mil. H1701 EDE has Rev of .5 mil and NPAT -3 mil. QIN has rev of 152 mil and NPAT of +28 mil.

So how can EDE have $20 mil cash if it his making a loss. Oh yes SOI 2007 130 mil SOI 2017 1261. mil

But QIN has 4000 Ha @ $800k per Ha of oil ready to harvest in the next few year Value $3,200 mil

What does EDE have? Blue Sky maybe. No IP that has been patented As far as I can see.

Whatever you say IMO QIN beats EDE hands down every time.

IMO