Leah Industries, Inc. (OTC-BB-LEAH) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Leah Industries, Inc. (OTC-BB-LEAH)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kelton who wrote (1514)	3/10/1999 7:22:00 PM
From: Dan O.	Read Replies (1) of 2153

I think I read somewhere that for every $1 increase in the price of oil $0.75 goes to Leah's bottom line. If oil has risen, say, $2.50 that means an extra $900,000,000 to LEAH or $39 per share. I realize that that is an oversimplification, but if the company were to be sold for it's assets at some time, I'd like to see oil continue to move up from here to at least the $18-20 range in the next year or two. You are right Kelton that POO doesn't mean much to investors now in relation to the fundamental questions about LEAH, but it means everything to the value of the company From last quarter's report: Leah Industries is proud to report that SibMach currently has proven oil reserves of approximately 800,000,000 barrels of which 60% (480,000,000 barrels) accrue to the books of Leah. The value of these reserves and their impact on the book value of Leah will be computed by Deloitte & Touche (CIS) and will be reflected in the Dec. 31, 1998, year-end audited financial statements.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next