Re: Sell Now Cry Later

Developing phosphate interests in the Georgina Basin, Queensland, Australia

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goldigger

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Re: Sell Now Cry Later

in response to

Re: Sell Now Cry Later

Phosphate King

posted on May 16, 2008 03:50PM

My thoughts exactly. Even the most conservative estimation of the negotiated price with IFFCO - hence earnings, multiplied by say an equally conservative 5 or 6 times earnings gives a market cap many times todays closing price. The recent stock price strength already qualifies them for the Amex, so I agree that listing is definitely on the cards. Once they get there, some big boys are going to start taking positions.