EarthLabs Inc V.SPOT

Never seen anything like it!

[igold8]

I've never seen any opportunity like this and have been buying since .18 when I found this company in the summer, here's some findings

- 3 cents EPS Q2
- 3 cents EPS Q3
- just based on 1 holding , foresight in to 4+ cents potential EPS in Q4 already (see prior post)
- stock price is .40 (Yes I bought more today at .40 when someone sold me shares)
- best/1st in world for AI/machine/technology capabilities in mining
- > 40 R&D products for IP 
- NSR royalties in 5+ companies
- debt free
- $16 million+ cash and investments
- shareholders include Eric Sprott 10%, Palisades 17%, Rob McEwen 1% etc
- "For the quarter ended September 30, 2020, GoldSpot's consulting revenue was $1,586,121, an increase of 111% from the same period in the previous year quarter, while total expenses were $1,549,831. With the normalization of operations, the company has achieved its goal of ensuring all G&A and R&D is covered by its consulting revenue."
- market cap of $37.8M (only 94.7m shares outstanding)

GOOD LUCK!

[falcon51]

Yes it sure looks good, but like I said in a previous post this is a traders market and Retail just move from stock to stock flipping a profit. You can see by the volume drop yesterday that most have cashed out , not saying this stock can't go higher, just saying the feeding frenzy is probably done for a while. I was in on NGD on it's last run up on earnings and same thing happened there

[Rsupreme]

your right.  but it still has some space to run.  The volume yesterday no where near the volume on the rise.. i expect a few more green days, then consolidation in mid 50-60s for a bit. 

[Optional]

Hard to believe that it was on sale for .13 less than 3 months ago, and the writing was on the wall.

[HenoftheWoods]

Nice to see some GSI folks appearing here... Look, this thing has tons of room to run. Since when a stock making three cents per share, with no debt and this kind of story, is worth 40 cts? I don't care if part of the earnings is through stock they own appreciating, that's part of their business model. In any other tech sector, this would be trading 3$+. As soon as people realize this is

[treehill]

I would be inclined to agree with what you say, except that I hold shares in another company (PHO) with financials that are relatively similar, and the flipping theory is the only one that seems to explain why it is so underpriced. In that case, one has a company earning 12 cents / share in 9 months, over $46M in the bank, debt is mainly AP and taxes, and it is trading around $1.65. Makes no sense

[BCdude]

Actually, PHO earning $0.12/share has a P/E ratio of 13.8x, so not altogether abnormal. Compare that to SPOT, which is tracking at $0.12/share but has a P/E of only 3.33. I'm not familiar with PHO and I suspect there are various factors at play, but based solely on P/E ratio there appears to be plenty of upside for SPOT based on comparison.