GREY:ROAOF - Post by User
Comment by
JimBobbyon Oct 05, 2008 3:19pm
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Post# 15505866
RE: Great Value
RE: Great ValueThanks for the fundamental analysis. I appreciate your input.
However, growth is the key valuation determinent going forward. The current premium to NAV is very low for a growth company. The management has delivered to date (there was no assurance of 45k/bpd for 2008 exit rate. The Q2 quarterly report clearly stated this).
I prefer for growth to be funded by debt rather than equity dilution and I'm pleased managent has kept new shares issues to minimum.