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braised007

08/14/15 5:02 PM

#38597 RE: TexasRambler #38596

My pleasure - always happy to help.

In my opinion, if they don't announce commercial production in Q3 I could see this hitting the mid-teens again. I don't know if there is a TA number or channel that would "prevent" this from happening, but with their cash position, upcoming bond payment, and never ending drama at Namoya I think this will continue to trade at BK multiples.

Namoya was supposed to be in commercial production last July. They have gone through a TON of dough since they announced that its not going to work as designed.