RE:RE:RE:RE:RE:RE:RE:RE:ITG account ripping down End of Day Again! JS,
youre staring reality right in the face and then covering your eyes.
THe relative value should be the main concern in the short term. Sure, in the long term everyone thnks TC will finally have its value recognized....and we all hope it will. But to drone on about TUDs dismal performance in recent years, and more specifically since gold took off like a rocket from $1800 is disingenuous.
Repost on relative value . AMK was worth about $01788 bassed on 90ish cent TUD (without factoring in free carry benefit to AMK which is huge), So probably about 16 or 16.5 cents today. I think the free carry should add up to 50% on that :
https://stockhouse.com/companies/bullboard?symbol=v.tud&postid=35997982
Jetstream1281 wrote: I'll have to do the math again to see how the three sit relative to each other...
My point is that TC (all three) are MASSIVELY undervalued....amk should be sitting between 30-40 cents as we speak....
A legitimate equalization would bring them up, not TUD down.....unfortunately on this market, which STILL hasn't taken off in general, it's much easier to move TUD down than the other two up.
Larry60 wrote: Exactly Jetstream. Exactly.
AMK and TUO remain very strong relative buys. relative values will change drastically in coming years due to i) TUD diluting itslef, and ii) the market realizng that AMK/TUO are way undervalued on a relative basis to TUD valuation.
I still want, and need, TUD to go up!!!! We're all on the same team. But its a fact amk/tuo will continue to outperform despite strong outperformance past year e.g. if you held tuo instead of TUD 12 months ago, youd be up around 70% on a relative basism and with amk closer to 50%. Massive.
Larry60 wrote: Jetstream,
You ignor 2 major points that I have talked about ad nauseum:
1) Tudor is going to have to keep issuing shares to fund 100% of TC to a productiopn decision. THat number could be $100 million, $150 million, $300 million???? What will it be? WHo knows, but it will be a massive amount for TUD. Constant pressure on TUD as a result of this. But NOT on AMK/TUO. This alone shoul mean AMK/TUO trade at a big PREMIUM to TUD on a relative basis, but they do NOT!
2) AMK already trades at a big discount to their piece of TC relative to TUD - I have shown the numbers behind it in past posts. It should be the opposite{, but its not.
Conclusion? TUD IS ARTIFICIALLY OVERVALUED COMPARED TO AMK/TUO!!!!!!!!!!!!!!!!!!!!!! Yet you and Fordy seem to think it is a conspiracy to keep TUD down?????? YEEEEEEEEEEEEEEEESSSSSSSSSSSSSHHHHHHHHH!!!!!
Jetstream1281 wrote: If it was legitimate, AMK would be getting hit just as hard...TUO as well but to a lesser extent as they are buffered by their other holdings.....that's not happening though.....