PINL:HYKUF - Post by User
Comment by
elduckyon May 12, 2022 8:18pm
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Post# 34679951
RE:RE:RE:RE:Train wreck
RE:RE:RE:RE:Train wreckAll they really needed to do was produce the same volume as Q4. How hard was that? Then they would have still made a paltry 15 cents. Bad, but whatever. How did they screw this up?
You are right about the potential. An astute purchaser would buy out the company for cheap. It's worth $1 just for the plants. The reserves are worth $0.75, even undeveloped. They should be making 30 cents a quarter. I was expecting a buyout around $3 later this year. Obviously that's not happening.
A bid of $1 would be successful at this point. Even that might be high. 75 cents would do it. You get 1 of the plants and all of the coal for free! Operate it properly and get your money back in 6 months. Crazy stuff.
Weird as it sounds, I might buy some tomorrow if the selling overwhelms and it's just too cheap.