Thursday, July 08, 2010 5:17:38 AM
That's what makes this all a game we must make our mark upon individually. My guess is this stock will continue to be very heavily day traded for a long time so if you are going long you'll probably have to sweat out many swings.
Also, I think there may be a finite level this can really go to with the awards in hand. It is a large OS. At a little over $2 the market cap would be around a billion dollars.
Even if the reserves are calculated to produce far more than that over
time, it may be years before the first income so I suggest you really
should be realistic about the valuation models for this stock in the
next year. Even asset valuation has its limits with a large OS and
limited revenues for a long time.
I think holding ERHE very long term may work out very well with the partner they have if you are thinking in terms of 2-4 years, but there may be a long wait for revenues.
As such, I question whether you will see a triple or quadruple in the next year and I think you can do that much better elsewhere after that point.
Recent ERHE News
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/06/2024 07:31:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 09:06:42 PM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM