Replies to post #44585 on Indocan Resources Inc. (IDCN)

[Z-Man15]

How are you reading it? Because SC states that "GIMU is worth $36 per share based on recent Alabama coal deal that sold for $6 ton in ground."

How is that a comparison?

How can a .20 cent stock that rose 81% today be worth any where near $36?

You need to read. "GIMU is worth $36 per share based on recent Alabama coal deal that sold for $6 ton in ground." A coal deal that was RECENTLY went through. I am not saying GIMU will be trading at $36, but fundamentally, it is worth it. And with only 16.1M O/S, the company then would be worth $579,600,000 so apparently, the deal is huge.