GREY:ROAOF - Post by User
Comment by
paljoeyon Jan 02, 2009 1:20pm
657 Views
Post# 15678123
RE: RE: Big risk against Huge returns (5 to 10x)
RE: RE: Big risk against Huge returns (5 to 10x)Wow, just look at that volume.
But not much change in share price, so is this a falling knife or a buying opp of the century ?.
See also T.HEG at $0.09 , another energy stock with over 500 million tons of coal , started producing 1.8 million tons /year in Oct/08, at a cash cost less than $15 per ton , with contracted sales of 500,000 tons already in the bag for 2009.
It is worth $0.20 in cash and cash equivalents and recently sold shares at $0.45/share to India's largest energy brokerage.This is a great risk/reward scenario.
Should be a 10 bagger on cash flows in 2009.