tantalum sales to chinese, page-38

re: reply: sgw & oxr With the amount a company earns it depends on the amount of shares they have for example, if I had a company that says earns $100, if I issued 100 shares EPS would be $1, if I issued 200 EPS would be $0.50 etc.

Now fair value for SGW in 2005 is $2.17 and we are talking about share prices going to the likes of $7, tha would give it a PE Ratio of 41 ish using 2005 earnings, see the problem!

Cheers

Tejay