RE: Chinese Graphite Leader Trades At A Quarter Of Hello old pal, long time no see. On Friday i took a position at 29 cents so i am sorry if i drove the price down accidentally but i had to be in on this one.
Your article wrote, "Of CHGI's $123 million in assets about $74 million can be offset by liabilities resulting in approximately $49 million in tangible net worth. The current share value of $0.48 represents a market cap of $11.64 million. At this price, CHGI's book value suggest a more than 400% upside to its current market cap."
Granted they have debt for set-up and inventory (and backed totally by the Chinese government itself which is a good sign that they will never go broke with those deep pockets) but they do trade at a severe discount to their peers in the same sector: Northern Graphite, National Graphite, and American Graphite Technologies. All of which do not even come close to having China Carbon Graphite's amount of assets yet trade significantly higher on the open market - this is the key here that unlocks the true value of China Carbon Graphite Group.
I am extremely surprised that China Carbon Graphite Group has gone unnoticed for so long, and the non-serious market students that come on this board and bash it are true inexperienced morons that have a lot to learn about bottom fishing, and drinking upstream from the herd.
Expect serious money from China Carbdon Graphite Group for serious investors. I am currently in Saudi Arabia by the way and will consult with my fund manager peers to buy as well.
Cheers mate