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NDOL : 300% revenue increase, calling *0.47
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[QUOTE]Originally posted by fatcat: [QB] [QUOTE]Originally posted by Purl Gurl: [qb] For readers, in a nutshell, NDOL claims a company worth 1.2 billion and a share price of $2.17 per. NDOL SEC filing shows a company worth less than one-tenth of their 1.2 billion claim and a true trader .55 per share value. NDOL claims reserves close to 13 billion dollars. What is up with that? Purl Gurl [/qb][/QUOTE]The balance sheet could be correct. As the IAS standards say, you can only show the value of mineral assets (tangible or intangible) as the sum of expenditures towards the exploitation of those mineral assets. You cannot, on a balance sheet, show the market value of those assets. The company can give advice to its investors and to the marketplace as to the market value of its assets, which is what they did. The company filed its accounting reports and released advice. Those two things are different and do not need to be consistent. They are designed to fulfill totally different objectives and meet different standards. Accounting standards call for one way to value mineral assets, but investors want to know how much is it worth once its pumped out, so they can determine future revenues and therefore a stock price. This appears to be a common practice for companies engaged in the extraction of natural resources. I don't know what the $13B value is...is that due to the merger? [/QB][/QUOTE]
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