RE: I would like a rights issue betterI am really disappointed in the share price today. I believe this to be undervalued. Looks over punished for its Cuba holdings. May make a buck a share this year which gives it a forward P/E of 4.
Nickle is predicted to rise, and they have nice exposure.
Coal will hold steady, but production costs will come down because of the merger.
Power will be up a long time and they are bigger now in this with the Cuba acquistion. Wouldn't be surprised to see some moves close to their coal supplies in Alberta/BC.
Oil looks good and they are working a pretty nice field.
The rest is fluff and really doesn't matter.
Debt is not bad, and they sure had no trouble with their last equity offering, although it diluted the shares.
Good grief, I just convinced myself to hold, go figure.
later
geno