GREY:TRIAF - Post by User
Post by
largeinveston Sep 16, 2013 12:58pm
437 Views
Post# 21743047
very disappointed
very disappointed
Selling out for roughly 3x cashflow and projected growth rates of 20%+ per year. Something is not right in junior land. Are reserves being overbooked? NVS and now TOL both went for a price substantially below net asset value. If we can't trust the reserves or NAV, is this a sector still worth investing in? I have no interest in waiting for a "higher offer" because I don't see one coming. If the price $2.85 was on the table in early July and that was the highest they got ................
I have rotated all my money out of oil and gas stocks now and moved it into ZEN (zenyatta ventures) instead.