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Replies to post #8484 on Addax Petroleum (fka AXC)

Replies to #8484 on Addax Petroleum (fka AXC)
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ssc

05/18/16 11:36 AM

#8485 RE: jsc52033 #8484

Meanwhile, VFIN on the ask @ .07 and has been able to attract less than $3,000 of buying. What is missing from the rosey price calculations on this board that keeps investors away?
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Julius Erving

05/18/16 2:56 PM

#8496 RE: jsc52033 #8484

when that oil will be sold, years from now, oil is at $60,- plus for sure.

What do you mean by divided by 5.53? Dilution?

ERHC share example of 20 million barrels at $60,- (at least!) is $1.2 billion divided by 43 million shares = $27.90

If commercial oil is found, everything is ok. And that's an understatement.