GREY:ZARFF - Post by User
Post by
janeintorontoon Mar 06, 2016 7:01pm
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Post# 24628091
BNN
BNN
Sorry I don't know exactly when or who, but just in the last few days, an interviewee on BNN was asked about it . He said ZAR has so much debt that it is not in a good bargaining position. That's what I think. I believe its net asset value is far more than 65c or whatever it's trading at. I think the reserves less debt are far more than a dollar a share. Still, I can see the possibility of not realizing full value. There are so many like it desperately seeking buyers.