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Gold/Mining/Energy : Sunshine Mining at Rock bottom? -- Ignore unavailable to you. Want to Upgrade?

To: baystock who wrote (123)7/29/1999 2:07:00 PM
From: long-gone  Respond to of 167
 
exchange2000.com



To: baystock who wrote (123)7/29/1999 2:17:00 PM
From: Claude Cormier  Read Replies (3) | Respond to of 167
 
I would wait for the 8:1 reverse split to settle in before buying.

Williamson, forget that SSC still has a weak balance sheet. And IMO, its US$80M of pre-tax cash flows are overstated... at current product prices, I can't see more than $40-45M.

Still, the stock has a market cap of $70M..so if they get US$35-$40M in pre-tax cash flows (after allowing for some interest expense on debt financing) ... that should be a fairly good investment.


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