Hi Guys,
I do stand corrected about my note about the .02 reflecting a P.E. number.
The comment is correct that it should be based on a yearly earnings number.
So, given this information and as the NGW story develops the price action will/should effect the proper valuations for a company that is earning a profit.
Also the last quarterly reporting was audited and done in a most professional manner. With all the standard accounting details as would have been detailed for a much larger public company. This to me is a very good sign. And getting NGW ready for the future financing that it will need for its up coming expansion in growing square footing. Yes, I am OK, with the financing since it would related to product and sales expansion. And fit into the return on assets, of which NGW is showing as very competitive.
Remember this is a very new company without much of a track record.
So as I said before lets the S&P average is approx. 20 times earnings.
And therefore if/as NGW continues to issue positive earning quarterly reports of $.02 U.S. gives us a forward earning of $.08 per share.
Lets use a P.E. of 15 x $.08 earning per share = $1.20 per share price for year ending 2021
The above is the reasoning why I continue to add to my position as funds become available.
GLTA
