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WestFire Energy Ltd T.WFE



TSX:WFE - Post by User

Comment by poubelle1on Nov 11, 2011 9:52am
336 Views
Post# 19229338

RE: Good numbers

RE: Good numbers

I think that we will see some insider buying now that the financials are out. It would not have been approporiate to buy the stock before they came out, since the insiders could be accused of insider buying.

We are currently seeling at an EV/EBITDA of (85 + 85*4.5) / 130Million(2012) = 467/130 = ~3.7. My EBITDA for 2012 of 130 million is a guess. Hopefully a very conservative one.

This is cheap. I still don't quite understand why we fell from the 7 dollar range and can't recover. I can't believe that Sprott resource corp is just going to sit there and see this significant investment languish like this.

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