Replies to post #6606 on AmeraMex International Inc. (AMMX)

[kahuna76]

You are so correct, after the call I more sure then ever this company is headed to dollars, I will never sell my shares, I would have to be a fool this is real, not a penny scam, even retail bankers on the conference call stated as much.

[stayfocused]

C'mon keep it real, you'll scare people away with that sort of talk as they'll see that B/S as a red flag. They have to pay 'a company' to get the contract and that probably means a member of the Niger government because that's the way things happen over there. So I reckon they will be lucky to see 25% net profit. JMHO


So working on 25% net earnings:-

$67.5m with 500m shares O/S gives EPS of approx 13.5 cents add an average multiple of 10 and you can see that a buck may be achievable but talk of $40-$50 is 'To da moon' talk and AMMX may well deserve better! I guess we'll see sometime in the next qtr if management can deliver. JMHO

"If this is the case then after the $270,000,000 deal comes through this stock could go up to $40-$50"