Sedna Geotech (SOT.V), explosive growth PE of 7 Message Board

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Gold/Mining/Energy : Sedna Geotech (SOT.V), explosive growth PE of 7

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To: Steve Reichle who wrote (34)	3/26/1998 9:34:00 AM
From: Traveling Man	Read Replies (2) of 68

This is a hard one to put a finger on. The price has become very enticing. But, their earnings momentum is slowing. If they hold steady at this rate, they would earn .12C next fiscal year. I have forgotten what their net tangible assets are and how much cash they have. These are important to know. They are being affected by the low POG as all gold cos. are. Can they weather another year of <$300 gold? They have already lost some small contracts due to this. The most intriguing fact to me remains that George Soros took a significant position. Obviously, he feels South America is virgin territory for mineral mining and is full of minerals. And, he must believe SOT is well positioned to benefit. I think a couple of years from now, you may look back and be real happy that you were patient, but it's hard now as it declines daily. TM

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