Re: IFFCO recent purchases
in response to
by
posted on
Mar 12, 2009 12:07PM
There are approx 226 S/O at .52 = approx 117.2 M/C. A few months ago they
had approx. 125 mil in cash which I do not know is in Aussie or US dollars.
I do not know what there momthly cash burn rate is to run the company but
we should still be at or near M/C of our company. A lot of my gold juniors are
trading at just above cash value compared to there M/C. I quess after the
bear market of 2008 anything looks good. One thing I like is that we are supposed
to start shipping product in Q4 2009. So when we start showing cashflow in 2010
we should really start moving. Along with a more senior listing Amex, TSX this
puppy should be a moneymaker for us and the company. We are just in the beginning of good things to come. These speculative juniors can loose or make a great deal of money. But I think we are starting to move out of the speculative
phase with more news to come and production. As we move closer to production
people will feel more comfortable with this stock and start buying. One day
we might see Cramer screaming BUY LEGEND-that will be my sell signal to
move on to find the next promosing junior. Oh one more thing one day we will be cash flow positive which really makes a stock move not just speculation.GLTA