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Gold/Mining/Energy : Sedna Geotech (SOT.V), explosive growth PE of 7
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To: Ciao who wrote (50)10/11/1998 1:41:00 AM
From: mariner  Read Replies (1) of 68
 
Cioa
I talked to IR last week and they hinted the President was in SA for meetings and offered to have him call me. (I didn't take it up, thought I'd wait until he returns to USA). Perhaps I should have taken the offer. As to your question, I don't know for sure. The fall has been dramatic however. Interestingly, their last quarter ended (June I think) showed a profit of 12cents US! So if they are still viable, then the valuation is ridiculous. I'm going to try and dig up a balance sheet. Also will report anything I get from IR next week if successful reaching them. Hopefully SOT can hang in there until the pace of SA gold drilling picks up again. I think the overall concept does have merit.

Any comments out there?
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