GREY:TRIAF - Post by User
Post by
shambano1on Oct 11, 2011 10:31am
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Post# 19136591
discount to NAV is very large for junior
discount to NAV is very large for juniorNAV is over 5 and that's without the latest drilling, so I would consider on the list of potential takeouts, low float and zero debt, and large land position in a cardium oil play with rising oil production.
It makes no sense why we are trading this low even with the risk of world recession, oil has recovered for dropping last week and things are more stable.
I'm betting Trioil will not make it past the 2011 without a buy-out, the assets value makes to corelation to the SP or market cap.
mind you with the low float this is hard to play, it's up and down, DYODD