RE:RE:RE:SRHI as an attractive netnet negative enterprise value stockSRHI is seriously off the radar. Seriously dirt cheap - nowhere to go but up trend.
The Chilean MTV mine is proetcted through the structure as it is funded at the project level. There is very minimal risk and unbelievable upside potential here.
Normally, CEO Steve Yuzpe would purchase stock with 25% of his salary. Due to the current blackout related to the independant special committee (maybe a merger, sale, acquisition, dividend coming???), he has not added since the end of January.
Thank god that the company did not hedge a couple months back at $2.75/lb to secure revenue and profits. I would completely support partial hedging around $2.90 to $3. I confirmed with IR that there are currenlty no hedges in place.
This is without a doubt one of my favourite "average ups" of the last decade. Added another 15% of shares today and I can proudly say thaat this is the largest weighted stock within my PF.