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Gold/Mining/Energy : TRIVALENCE MINING

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To: Elizabeth Andrews who wrote (488)7/6/2000 11:03:21 AM
From: mick  Read Replies (1) of 527
 
Liz, at first I couldn't figure out what you were smoking but now it is clear what you and CC were thinking.

You took the last quarter results an multiplied times 4. This gives you 0.16 US$ or roughly 0.22 C$. This is a very, very wrong way of evaluating this company.

In doing it this way, you ignore the historical fact that they only do 10 % of sales in the first quarter. It is the last 2 quarters were most of the sales are done.

Liz, you really need to do better investigation before passing judgement on companies. Get a cable modem and you can download annual reports much more quicklly off of Sedar.

Anyway, this is the TMI thread. For whatever reason, the market gave high valuations to them back in 1997 and chooses to ignore them even though they have grown the business substantially.

Do your own due diligence on them. Read the last 2 annual reports, latest NR's, Sedar filings and then pass your comments back.

Basically a brokerage company - really ...

Cheers
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