RE: MMY P/E Ratio = 6.1Its a nice story except that they have diluted the stock to the point that the share price has trended downwards or at best been stable since last October.
341 million shares at this stage in its development is just too much overhang.
They have about 75 million warrants and options at prices well below the current level ,as well as 50 millions of PP common shares well below the current level.
Trading volumes are fairly light and insufficient to remove this overhang in any period less than a year.
That means dead money in the interim.
One solution might be a 10 to 1 share consolidation.
This has to happen at some point over the next year or so.
They should do it sooner and get it over with.