Actually the post I am responding to isn’t accurate, the net earnings for the year should be closer to $8,000,000 rather than the $6,000,000 I said or approx. .25 a share! Wow!!!!
Bingo. Why do people buy stocks? There's 2 reasons:
1. To trade them for a profit. 2. For Dividend income.
Most of us here are traders and do it for Reason 1.
But there IS Reason 2.
Right now $BMXI is using all their profits ($2M last Quarter) to expand their holdings and bring the 2 new projects in Canada and Alaska into production.
They also have a high priority to move up to the NYSE/Tier2 (the old AMEX) exchange.
Stocks on the NYSE pay dividends.
And that is the direction the company is headed in.
Right now the EPS is .03 from their own filing. And current stock price is at .05.....that is a joke.......companies with that kind of EPS usually trade a lot higher....even with an extremely low PE of 10, the stock should be trading at .30
At any rate, this is literally the best opportunity for gains that I've ever seen....and I've been doing this for 40+ years.
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