News, bay-bee!! Any doubters out there, that this company isn't for real? And they're in the best kind of market (moving debt onto the secondary markets), plus I hear they ended up with some kind of mine that's a real producer? Good Lord...clench your buttocks, boys, because it's going to be a heckuva ride. ;-)
Excellent news especially the audit part,have been hoping for this for some time. The audit will lend credibility to the current book value of $1.13 , with $96.5M shareholder equity and 85.5M O/S. Currently trading 38 times below book.
All imo.
glta ==============================
Book Value Analysis: For the most part the book value really doesn't tell us a whole lot. Cory's Tequila Co. is trading at over $100 and the BV is only $3.57? What is up with that? Well BV is considered to be the accounting value of each share, drastically different than what the market is valuing the stock at. And the truth is that market and book value have nothing in common. Market value is what the investment community's expectations are and book value is based on costs and retained earnings. One situation where BV can be useful is if the market value is trading below the book value, this rarely happens, but if it does it could mean that the company is undervalued and might be an attractive buy.
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