GREY:RGVNF - Post by User
Post by
stocktalk2on Oct 09, 2009 1:40pm
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Post# 16377737
value musings
value musingsYou know, I don't post very often anymore because, quite frankly it doesn't change a thing whether anyone posts here or not and it certainly doesn't put a nickel in my bank account.
But when you look at the assets of this company, it is interesting to note that it is owed a whack of cash here shortly to the tune of $3 million that about 4.4 cents a share right there. Then there is the remaining balance of EUGS shares. Even if you don't like Wolfang or how he does business (of which I fall into that category), you have to give the shares at least 2-3 cents of value for that.
Then you have the potential royalties if something pans out in Poland as far as oil and gas, as well as Red Mountain. Now I hate mining, BUT, the old timers on this board were insinuating that Red Mountain was worth a $1 when gold was around $300 an ounce. As far as I know Red Mountain has not disappeared or gone anywhere else ( which of course is why I hate mining), however, the asset is still there and gold is now at over $1,000 an ounce.
Then we have the distribution agreement for the new secret formula oil/oilsands treatment. Value unknown right now.
So RedO, while most of the people who have been on this board for quite some time would more than agree that I would be the last one to defend REV. I think you may be quite mistaken about what the present net value of the current assets and therefore share price is worth.
Just my two cents and of course it may not even be worth that on this board, but, just a little balance to the recent banter about valuation on REV.