GREY:ISNAF - Post by User
Comment by
gwrbion Aug 19, 2010 4:07pm
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Post# 17366725
Languishing share price
Languishing share priceSP is being hit because of low liquidity, and because natural gas has been hammered over the last month. Natural gas has fallen from $5 to $4.17 over the last month or so. This SP will go up/down with the price of natural gas. But, with the high NAV (per the presentation), this is surely an easy takeover play (however, there are many just like it in the oil patch).
The difference here is BAM is involved, and the company is well-capitalized and controlled by a company capable ot taking it private on a second's notice.