GREY:HRIVF - Post by User
Post by
metalmaniakon Aug 06, 2008 4:11pm
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Post# 15363175
Bought some more at 1.25
Bought some more at 1.25Love to read irrational posts, and the previous 2 were totally.
I think one thing we can agree on is management sucks, but on the other hand they have built 2 mines which are running at commercial production, will have zero debt after tranche 1 . Also they have the best silver project in the universe, which they own 100% of.
In a situation like this, things will move extremely quickly IMHO.
Look for another bid shortly and buy all you can at these levels. Crunch your #s, they don't lie.
management is the issue here and that can be solved in a heartbeat.
I have been in these situations in the past and value always plays itself out. We are way below NAV, and way below the Alfa bid.
Plain stupid.