GREY:FTPLF - Post by User
Post by
rythmanon Nov 28, 2013 2:06pm
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Post# 21950683
If I was Chad...
If I was Chad...
I wouldn't buy back debentures or stock. I'd hold the cash. Cash provides time, It will provide about 4 yrs time. A lot can happen in 4 years.
global economy can recover
pulp prices could rise
Euro can rise against the Swis Franc
demand for DP can improve
co-gen can change financials significantly - one way or other
This Tariff by the Chinese can be changed, will stop new entrants into space
Currently I have NAV of net assets on Financial Reports in Sedar of $24.48
Currently I have Cash on hand of about $7.06 per share.
Expect losses in 2014, possibly between 6 - 12 mil reduces cash to about $6.00 per share
Seems like it is oversold IMHO