Silicon Investor (SI) -- The First Internet Community

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 : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: David Smith who wrote (3820)	12/18/1997 2:52:00 AM
From: Steven Durrington	Respond to of 11708

Thanks David for your research and sharing of information. Do you have a ballpark figure for what sort of profit margin is made on these type of ventures ? If 8 wells make $16,000 a day, after the intial recouping of the $400,000 outlay for drilling wells, (about a month), then that is a nice sum for CSMA. If only 50% was profit, then we're talking about 3 Mill per year (or about 15 cents a share) from just this one aspect of just one subsidary of CSMA. From this alone, at a PE of 15:1, CSMA should be valued at over $2 a share. Of course, if the profit is higher... Then there's the rest of CO&G, Adhatters, LPS, Envirotech, ERHC shares. Speaking of ERHC, here's another bit of news that may be of interest... biz.yahoo.com I know it must be very frustrating for those who bought in at around the $2 level, and are now at a loss. However, the potential of this company is great, so hang in there folks. As the gurus of this thread keep saying, patience will be rewarded. I'm not losing sleep about these price fluctuations. Cheers, Durro