Disappointed

People just need to think couple of questions before buying or selling MXC. 

1. What will be the expected profit/earning of MXC in the future? Everyone can have their different opinion on this. 125k? 500k? 1 million?

2. Secondly, how many shares are on market now. Currently it's 1.2 Billions, whether more dilution will come, no one knows at this stage

3. Work out  the Earnings-per-share (EPS) by dividing the expected profit by 1.2 Billions shares

4. Assume the expected profit of MXC is 500k (net income) , with current share price of 4 cent,

Therefore P/E Ratio is about 0.04/(500/1,200,000,000) ~~ 100

Correct me if I am wrong.

AIMO DYOR

I was in long term, bought in May 2016 for 4.8c, I sold the other day for 4.6, I completely lost confidence in the management after these latest delays and then a change in contract. Id rather watch from the sidelines right now!