RE:RE:RE: POTENTIAL TRADING PROBLEM - IAG SHORT TRADES LuKe555..........Sorry for my frankness about the financial and stock markets. Corruption has existed for decades and nothing will change in the future. A good piece by Peter Marrone yesterday on the future of miners. Marrone pointed out that while gold miners' share prices have fallen this year, along with the decline in gold, revenues and production have continued to grow. A compression in the share price, coupled with growth in earnings before interest, depreciation and amortization (EBITDA), leads to more attractive valuations.
If we apply one of the metrics, if we apply a multiple to cash flow, a multiple to net asset value, our net asset value has gone up, our multiple to net asset value has gone down. Our multiples to cash flow...we trade at about five or six times cash flow, and normally in this industry, and certainly some companies in this industry, can trade over ten times cash flow. In other industries, they trade at more than ten times cash flow, so I think there's a lot of room for upside," he said. Have a nice day....