RE:RE:RE:RE:10 MONTHS AGO TODAY WestCoastEagle wrote:
What's your price target Sidesh0w? Seems like you've crunched some nubmers so I'm curious what you think about this one. I've got no position and I'm thinking about it now. Should I wait or is now a good time? If you've got the time to get back to me, thanks.
Before I can put a price on it, I need to compare what they said in February in regards to their plans and revenue expectations to their current plans. Then, I need to estimate 2018 revenue, check to see how many times revenue other producers are trading at, and consider the period (2018, 2019, 2020).
I think that it is an excellent time to buy in. In fact, I bought 3000 more shares myself today at 31.5 cents. If they are currently generating USD $1 million, and the last PP that funded expansion only cost CAD $7.5 million, it is only a matter of time before the coffers are overfilling.
My biggest question is what Raymond will do once he is generating $100 million per year in annual revenue. In my opinion, MGW is a takeover target at this price.