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Rocky Mountain Dealerships Inc. T.RME

Rocky Mountain Dealerships Inc is a Canada based company. Together with its subsidiaries the firm sells, leases and provides product and warranty support for agriculture and industrial equipment in Western Canada. It sells equipment of various brands including New Holland, Terex, Dynapac, Bourgault, Kawasaki, and others. The company services include Equipment Inspections, Field Services, General Repair, Maintenance Packages, and others.


TSX:RME - Post by User

Comment by littlejoepton Nov 21, 2002 9:32pm
88 Views
Post# 5605366

RE: Can you explain your $15 to $20 target price

RE: Can you explain your $15 to $20 target priceLow overhead. Great leadership, great experienced, small crew. Honest. Amazing drilling success--superb geologist, state of the art battery-brought in for about 1/2 what it coulda been, low # of shares out, small float, hasn't diluted in yrs, very smoothly run co. Maybe 3000boe, by spring. Not counting their 1/2 of the part of princess production that they've got j.v.'d with junior partner gny. That jv deal should have a gas plant up by spring, with rocky's engineer involved, it oughta be done right. Discovery well on that deal tested about 10million, w/1000psi. Very aggressive drilling program planned on jv stuff, this winter and spring. Still more drilling on the 18 sections or so of chevron land that rocky is sole operator of. Not many bobbles there-think they've hit 9 in a row, or so--Rocky doesn't make many mistakes. Has everybody cashed in? Why don't you look and see how many shares have been sold in last mo or yr? They've got a receptionist--always answer when i call. These guys are not promoters. Generally understate, rather than exagerate, unlike some. They'll tell you the good--and the bad, again, unlike some. The president told me some time ago that he doesn't do much promoting--that he figures his job is to run the co, and if he does his job right--the stock price will take care of itself. Maybe 7 million shares out--if you look it up, don't have to have current site--they havn't diluted in years. Buy it. end of story.
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