GREY:WFEMF - Post by User
Comment by
clk_vestedon Jun 13, 2012 10:30am
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Post# 20007958
RE: sold all
RE: sold all The problem with your reasoning, there, is that all of RIN's assets are *at least* as risky as WOF. So even if one of them "pops" (let's just say WOF, since that's what those of us on this board are mostly betting on) -- so let's say WOF goes to a dollar, that should increase RIN's value by about 10 to 15 cents per share (roughly, if I remember RIN's allocations, and IF the market agrees that the increase in WOF's value directly translates to an increase in RIN's value -- currently they are trading at less than half of their asset value). In order to get the same leverage from RIN, ALL of their assets would have to do extremely well, which is rather unlikely since they are all junior miners -- decent junior miners, from what I"ve seen, but still junior miners.
To each his own.
clk