GEAC.....Canadian best kept secret Message Board

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Gold/Mining/Energy : GEAC.....Canadian best kept secret

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To: john.d who wrote (1532)	3/15/2001 12:26:11 AM
From: Ally	of 1571

John, thanks. >I think we can expect to see the stock approach at least $5 in the near term (likely weeks, possibly months).< Well, the CEO has said that the banking arrangement would be finalized by Q4 which is end of April/01, so we should see an announcement soon. Investors don't like uncertainty, and as soon as this one is removed, the stock should take off. It's almost a no brainer. The Q3 proved that the company is capable of generating cash flows of around $100 to $120 million annually. At today's price of $3, the total market capitalization is a mere $180 million. This is plain cheap. Under normal conditions, if the company is sold, investors should expect at least 8 to 10 times the cash flow i.e. $12 to $19 per share.

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