Apr. 25 at 9:56 AM
$BMXI - Real company. Two gold mines in Indonesia.
$4.1M revenue,
$1.9M net profit last quarter.
Problem: Leonite Capital has been running a dilution scheme since 2020. Issue notes, convert to shares at penny prices, dump, repeat. Share count went from 75M to 354M in 16 months.
Good news: dilution is slowing. Volume up 40-50% in April vs March. Real buyers underneath.
$BMXI Quick Math:
Book Value:
$0.191 vs Price:
$0.019 - trading at 1/10th of book value
⚡⚡⚡ STOCK PRICE IS BELOW ANNUAL EARNINGS
Price
$0.019 --- EPS
$0.0216 --- P/E 0.88
⚡⚡⚡
At 10x P/E this should be
$0.21. Bounce to
$0.03-0.04 realistic near term. Don't hold long term until Leonite is gone.
NFA - DDAmanda Research - https://DDAmanda.com