Post by
MiningMasterAu on Oct 22, 2019 9:41am
People selling at less than 2X CAD cash value
Hilarious! People panic selling on a free well? Now that is stupidity at it's finest. Company has $10 million CAD in cash, just under 900boed in production and asset/debt ratio of 2:1. Now trading at 5X earnings based on 6 quarters, where KUB earned $4 million USD in profit. Why are we back to 2016 numbers when the company is much stronger now? Stupidity, pure and simple. Good opportunity to add.