$CFTN DD. Copied this from the yahoo board. So
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Posted On: 07/02/2020 8:27:32 AM
$CFTN DD.
Copied this from the yahoo board.
Some have said that the 9 cent per share income for 2019 was a one time event. This is not true.
Thanks to the post of sfct1978 regarding Mr. Crosby's presentation for Desert Hawk's raising $10 M in a private placement at $1 per share, I have determined that CFTN will record a $3.5 million gain on its investment in Desert Hawk when it states the value of its investment in Desert Hawk at $1 per share.
ABL has distributed a 50 cents per share dividend so far this year, and it is likely it will distribute another 50 cents per share in October or November.
This will be $1 for the full year of 2020 resulting in a minimum income of $1.525 million to CFTN. This $1.525 million plus the $3.5 million from Desert Hawk will result in CFTN reporting $5.025 million of other income for 2020.
Depending on what expenses are, I estimate the expenses to be between $700K and $900, CFTN could well report $4 million net income for 2020 or between 8 and 9 cents per share.
I estimate outstanding shares to be 58 million after the stock buyback. So there is absolutely no reason for CFTN to be trading at this ridiculously low price of 16 cents per share. CFTN should be valued at a minimum of $1 per share just based on net income. With its large gold and silver resources it should be trading at $2.
Copied this from the yahoo board.
Some have said that the 9 cent per share income for 2019 was a one time event. This is not true.
Thanks to the post of sfct1978 regarding Mr. Crosby's presentation for Desert Hawk's raising $10 M in a private placement at $1 per share, I have determined that CFTN will record a $3.5 million gain on its investment in Desert Hawk when it states the value of its investment in Desert Hawk at $1 per share.
ABL has distributed a 50 cents per share dividend so far this year, and it is likely it will distribute another 50 cents per share in October or November.
This will be $1 for the full year of 2020 resulting in a minimum income of $1.525 million to CFTN. This $1.525 million plus the $3.5 million from Desert Hawk will result in CFTN reporting $5.025 million of other income for 2020.
Depending on what expenses are, I estimate the expenses to be between $700K and $900, CFTN could well report $4 million net income for 2020 or between 8 and 9 cents per share.
I estimate outstanding shares to be 58 million after the stock buyback. So there is absolutely no reason for CFTN to be trading at this ridiculously low price of 16 cents per share. CFTN should be valued at a minimum of $1 per share just based on net income. With its large gold and silver resources it should be trading at $2.
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