No Interest?I have been reading up on these guys, and struggling to figure out the lack of attention it seems to be getting. Most companies at this price are loaded with .005 bids and .01 asks, but not this one? There are many mining (exploration) companies that are pretty much inactive, and/or bleeding cash, that have much higher volumes, and often at higher prices. Someone wanting to simply unload a million shares wouldn't even be able to here.
While they are not currently profitable (last quarter), it seems to me management has been very active in attempting to rectify this. Their actions seem to be intelligent and logical, and despite the current economy, might just be enough to move them back into the black. Unfortunately, it looks like we won't know until the next quarter (year end) results at the end of August. They would also appear to be well positioned to significantly outperform their historical revenues as the economy recovers.
So what is the anchor? Is it their debt? Or maybe it is the lack of the sexy appeal that comes with the resource and pharmaceutical companies that present the long shot of a huge gain? While I understand the concepts of P/E ratio, book value, etc, I admit I cannot figure out the values of companies like most here on Stockhouse profess to be able to. Can anyone shed some light on the reason for this SP, and opinions on its future potential? Is there even anyone here besides
macchubbz?
TW