Monday, September 13, 2010

IBI is now trading below a penny, and market cap is 1.5 million bucks

Maybe I'm hanging onto straws. Things just don't add up.

IBI is in control of many prospective gold mines in Uganda.
Has a stake in Uganda's uranium exploration and nuclear aspirations.
Won a lawsuit where they have a stake in a miner that may discover Rare Earth metals.

But the stock is priced for oblivion. Experts agree.

www.observer.ug/index.php?option=com_content&view=article&id=3127:experts-laugh-at-ugandas-nuclear-energy-ambitions&catid=38:business&Itemid=68

So if there is a billion dollars under the ground and I put $10,000 of hard earned money and the stock appreciates to a $1 billion price tag, then my selling price would appreciate 66,700%, or net me before taxes of $6,670,000.

No comments: