OTCPK:TNGZF - Post by User
Post by
Backwardbladeon Oct 26, 2015 12:34pm
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Post# 24227216
This is to funny....
This is to funny....I'm about 17c on the low side nowadays. Just finished putting the last 6 months of dividends back into it. But everytime I think to sell/ flip the holding on a 6-7 c swing, the management comes out with a really good release. So today, I hold once again. It will probably drop to .59 tommorow LOL!
So today I hold once again. I'm making a relatively safe 7.9% on my existing value as it is. These guys have 24 million in cash to deploy. Which means that even at my loss, they are holding 24c/share in cash right now. That far exceeds my paper loss so far by over 6-7 c. Kinda like being leveraged but without the leverage.
As long as they don't get an ego, and do their homework, I'm still happy. The urge to flip for 8c is huge but they would probably deploy that 24 million tommmorow then we are back up to 75-80 c in a heartbeat.
When their cash is deployed I think you will see them back up to .80c soon enough. If you look back I think I offered up around a 1.00 as my eventual true value estimate, with a solid 6-7% divi. If these guys play it safe the performance will speak for itself. Also note, that I am happy with the cash in hand right now given the overall questionable macro economic values that are offered up on a seemingly daily basis.
So while I also see the trading range as an opportunity, it is one that, right now I think I have to pass on.