May 27, 2011
– Comments (5) |
RELATED TICKERS: AWSR.DL
AWSR America West Resource - they will be earning .76 eps in 2012 from their coal production based on current estimates.
A brief glance at the company suggests that whoever is making those estimates is a liar.
They paid NEAA Venture Research $22,500 to pump their stock.
Over the last 3 years, they have mined 1.6M tons of coal and produced losses of $45M. It's absurdly unlikely that mining the next 1M tons of coal will result in profits of $32M ($.76 per share). In fact, they will probably continue to lose money.
Thanks for the info MegaEurope, I sold shares on your input.