GREY:EGDFF - Post by User
Post by
guido1077on Jan 26, 2019 10:59am
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Post# 29284692
ok that's it...
ok that's it...I'm going in aggressively on this one....$20 million in working capital including a few $mil in cash, the IPT shares, gold looking like it's breaking out, $7mm market cap with a pretty tight float, insider buying in the summer at $0.30, and the stock trading at a P/Book value of 0.17x, which is right where it bottomed in Dec 2015 before going on a huge rally. Then on the last conference call the CEO talks about refinancing the debentures at more attractive terms, which according to him should be easier given their expanded EBITDA. No plans to issue more equity. If you believe precious metals prices are going higher this year, this one seems like a total homerun to me. I'M IN!