RE:A Screaming Bargain
So, if these are the facts, and there is data to back this up, why the persistantly soggy share price? Even this week is underwhelming after the news.
You call it a bargain, but thats only if the management team can realize the value. Clearly there is doubt in the market that the CRE team can pull this off, or we would have been better than .33x NAV going into this week. This is especially shocking when compared to our peers, who don't have any more provincil permits than CRE . . . .
They publish data that shows the resource is worth more than double that previously published . . . and we have trouble pulling off a 20% increase on an already undervalued stock.
If you have a straight flush and still can't manage to win a hand . . . it's not the cards that are killing you, its the player.