Wheels Group Inc GRFJF

What a friggin dog.

[greeneggs]

according to managment presentation, 800 dollar gold give you 52 million a year cashflow after tax. At 850
55 million. Or 33.5 cents share, 35.5 cents share respectively.
5 times 33.5 gives you $1.67 shareprice and we can't even hold that.
Company doesn't have to raise money, and op costs should drop due to drop of deisel.
Guess management has no credibilty what so ever.

[SkyeCairns]

I have given up trying to understand the SP of this company but I don't blame management.  First call has a .11 eps for the 3rd quarter and based on the POF over the summer and quarterly production of about 50k oz that seems reasonable.  With an eps of 0.11 per quarter even $3 or $4 would be a steal.

[__D__]

I think the sp is acting as it is because of people/funds are trying to raise cash.Gold could spike to $1500 and WGI would not necessarily follow lock step.(an upward move sure but.....)I think that we need the 200 day moving average for gold to go, and stay, up...for the mine to stay on track...and for all the people that need out, to get out....

[babedinkleman]

This post has been removed in accordance with Community Policy

[monmick]

There is obviously a large holder tat is liquidating, for whatever reason...

[Orwell]

There is nothing wrong with management--these guys are good.They went out and got trucks and equipment ahead of other companies who were trying to obtain the same things, i.e. they have connections.  WGI is still a relatively new company, as such, some people have had stock from incredibly low values, all low value hands need to be washed out.Moreover, there were alot of of people losing

[Orwell]

Looks like everyone here has done the research, watched the presentation, etc.I.E. you have all the info, the key to stockmarket success is to buy MIS-PRICED assets.Say you buy WGI at $2.25, and then it goes to $1.25, if you're analysis of the company was wrong at $2.25, then bail out.But if you reevaluate and find that nothing has changed, then how can you not buy more?What I want to buy are