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Tuesday, November 07, 2006 5:49:29 AM
I think we all understand that the US portion of GBDX isn't doing 300 let alone 500 million dollars..but we are aware from their last PR that they have increased the diamond shipment coming in to open their business in the US.
Based on the current increase in shares they raised the Market Cap by approximately 1 million dollars to an over all Market cap of 11.5 Million dollars. And before the additional shares were added at yesterdays closing price the Market Cap was 9.7 million dollars. Could the increase in shares be a result of the increase in the diamond allotment coming into the country?
Do you honestly feel understanding what I just told you that the company is diluting the share price? or are they just keeping a balance in the market according to the amount of money based on the intrinsic value of the diamonds they are shipping in at this time?
Right now it appears to me that they are working off a cost basis and not even working in the markups that the diamonds will bring in. If they are bringing in 10 to 12 million dollars of diamonds what does that equate out to in terms of markups? Could that be 16 million or 20 million or 30 million dollars? If that is so I would think the share price will reflect that in very short order....and its just beginning.
I think your agenda tonight is to hopefully provide yourself with a lower price because the way Im reading your posts you are saying you are a shareholder yet yer screaming dilution....that totally in my book does not make any sense at all.
And neither does the current share price.
If the company puts out a PR saying their first order is in the neighborhood of 10 to 12 million dollars I am going to be jumping for joy knowing we are currently trading at a cost basis without multiples and knowing the the resell price hasn't even been factored in as well.
So keep wishing and dreaming my friend....perhaps if you oversleep this morning you will realize by the time you wake up your shares will be worth more than you wished for...lol
LOVE IS OUR SOUL PURPOSE
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