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Message: Re: Charts & Comments - Wesdome - Compare

May 26, 2012 08:59AM

Wesdome Financials - Bloomberg

Wesdome is a loss-making gold company that trades @ 23P/E. Essentially they are borrowing money to make ends meet while not showing a profit.

How they manage to pay dividends is open to question.

http://www.bloomberg.com/quote/WDO:CN/income-statement

By contrast, GBN.V is a profit-making company with net income available to shareholders tallying 4ยข in fiscal 2012, without taking into account Q4 results. And this would pose no risk whatsoever to company development and operations, as everything is bought and paid for in the previous quarter for the next quarter.

The company should not continue to impose on the shareholders by promoting the illusion that they must rely heavily on financing when in fact they are overwhelmed with free cash flow, in my estimation.

http://www.bloomberg.com/quote/GBN:CN/income-statement

-F6

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