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GraniteShares Gold Trust BAR

The investment seeks to reflect generally the performance of the price of gold. The Shares are intended to constitute a simple and costeffective means of making an investment similar to an investment in gold.


ARCA:BAR - Post by User

Comment by alleyesonmeon May 25, 2021 11:03pm
98 Views
Post# 33265707

RE:RE:RE:RE:Disappointing weakness...

RE:RE:RE:RE:Disappointing weakness...Nbastar. I'm sorry to hear that you bailed, every investor makes their own decisions and nothing but respect. Volatility comes with the territory of microcap stock investing. 1st, accounting hoopla is the result of having a part time CFO. New full time experienced CFO has new accounting policy and procedures to ensure this never happens again. Investors understandably unforgiving... justified hit to valuation? Not in my opinion. 2nd, pipeline 175.m is not firm signed contracts, only proposals completed. "Backlog" is actual firm binding contracts giving UGE the right to proceed and only UGE has the rights to terminate the agreement. Economics are so strong around solar it's highly unlikely they would be so far off estimates they would need to back out. Given the fact 88m of signed contracts hit development within the last 9months of 2020, and citing the timeframe of up to 24months to come online, having a period where not much is showing up on the books is expected. Once these projects hit construction the ball will really be moving much faster. The annual loss has been cut in half annually for the last couple of years, despite a shrinking revenue stream as they transition the business, breakeven, then profitability is in sight. Major fundraising has taken place at the right time to give this company plenty of runway to make the current backlog reality without dilution. Very very undervalued in my opinion. As the great one says, not Wayne, Warren, "be fearful when others are greedy and be greedy when others are fearful" .. Shes gonna hammer hard, when I don't know, but hammer hard it will. This is a winning formula, and a winning team, the results the market wants to see will come. Patience.
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