RE:GEAR ENERGY - ? Ran these exact same numbers yesterday,and asked myself the same question.
There is no clear strategy that I can see about how they will move forward. I think when this becomes more clear then you can decide if it fits what you want ... dividend player, go for growth, or share consolidation.
Another poster made a suggestion that their assets are not the best, might want to look into this.
I get a kick out of the ceo, I think he runs the place like a science professor dad. I get good vibes, it's there in the monthly letters.
Need to know the vision. With Q1 and debt free in 2 months, Mr market will want a clear story of what they want to do when they grow up.
1970Craig wrote: Hi all
I am wondering if someone who knows this stock inside out , can help me out here.
So I have read there earnings , and reserves release and what caught my eye was debt free in second quarter.
This is awesome. However there is only 6 k production with 260 M shares outstanding. Meaning at 1.50 we are looking at 390 M to buy out or pay out all shares .
So they paid down debt last quarter 12 M or 15 M. I don't want to go back again. So let's say 12 M. That is 48 am annually. This means at 50 M they can buy out all shares in 6 years at a ACB of $1.50. If this is trading at 2 dollars. Your looking at 10 years.
Can someone help me here , where is the upside or
how is there upside
Sorry I am not trying to be a bummer I wamt to
buy this .
Just need some help seeing more value
Craig