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Message: NEWS - Ontex Completes $3,649,500 Private Placement

Re: crazydik - the "kid"needs to rethink this...

in response to by
posted on Dec 03, 2007 05:38PM

Sorry kid. I may not be getting the same info you are. Haven't seen management dump a single share. I have seen management enter into a private placement which raises much needed cash and increases exposure.

I think you need to step back and re-evaluate. If you aren't in yet, you may soon be paying more.

Do the math. 629,000 provenĀ oz at around $800.00/oz = $503,200,000.00.

If we divide that number by 72,000,000 shares outstanding, I get a gross value of $6.99/share.

We needn't take the 10% rule because this property is easily accessible and the gold can be mined cheaply. Under these circumstances let's apply a 30% return for true per share value.

$6.99 x 30% = $2.097/share.

And we have hardly started yet.

Good luck to you.

crazydik

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