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Microcap & Penny Stocks : Leah Industries, Inc. (OTC-BB-LEAH)
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To: RLM who wrote (1037)1/26/1999 1:30:00 PM
From: Andrew H  Read Replies (1) of 2153
 
RLM, it is not only the thread that is dead. So is the stock. I have no idea what it will take for this stock to move higher. Maybe another Internet announcement.

This is truly huge news. Gazprom is probably the largest company in Russia. From this announcement it appears to me that SibMach may be getting a lot of business frm the Russian goverment as it upgrades its oil and gas drilling, production and pipeline facilities. Most of these facilities in Russia are badly in need of upgrading. I suspect there are billions of dollars of work waiting to be done. LEAH appears extraordinarioly well positioned to get this work.

Furthermore as more Western companies come in to help produce oil in Russian and other CIS states such as Kazakhstan, I believe SM will get a large peice of this business as well.

The release said that this will add about 75M to SM's already estimated revenues of 250M--I suspect we will see more in addition to the 325M--60% of which will be LEAH's. The drilling equipment business is verrry profitable.

I am starting to worry less about the sock price. Sooner or later the market will realize the value of LEAH with announcements like this. I have no idea when, but at some point in the next year this will be woth $10/share or more. I am willing to wait a year for that. This news is simply tooo big.
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