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: Traveling Man who wrote (36)	3/27/1998 1:16:00 AM
From: mariner	Read Replies (1) of 68

Steve Company statements for 9 months ended 31 Sep 97 indicate current assets of 7.4million (all figures US $), current liabilities 8.4million, of which 5.5million was the current portion of long term-debt. I wonder how they are refinancing this, particularly given the low share price. Hopefully they are not issuing more equity at this level. I'm not sure when the big Soros deal was. Perhaps that was used to settle this. I guess we should expect end FY numbers soon. I believe you're correct that business is not growing as quickly as expected due to the low POG. They are doing other work, for instance water drilling. If one is a gold bull (I'm not) SOT still possesses good potential. Would be nice to see more PR though.

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