Post by
Magrath101 on Apr 03, 2018 3:36pm
AZX VALUE
My thoughts on value of AZX. There is as of now app 1.4 million ozs in the Quebec assets. If the new RE comes out with an additional 400,000 ozs and that is minimum there could be many more ozs than that. That would raise the ozs to 1.8 million. At present value of $30. oz
that means the Quebec assets would be worth only $54 million. I think that the minimum should be $65. oz. that gives the Quebec assets a value of $117 million and that still seems quite under valued. That would mean a share price of .20 cents and as I said seems way to low for these assets. The Ontario and Manitoba assets might be spun out into a ''NEWCO.''
We wait and see.
Comment by
Shylock on Apr 04, 2018 5:53pm
Currower - You are precisely correct. This is exactly how the Oracle of Omaha made his gazillions. You buy it when it is cheap/despised and sell it when it is dear/beloved. I know this is very hard to do but it is also so that the greatest and most successful stock marketeers and traders used this same identical method with very little variance.
Comment by
1971Geddy on Apr 04, 2018 5:45pm
I’m with you Shylock. I’m not selling for less than 1.25/sh. A double or triple banger won’t cut it.
Comment by
RYUcan on Apr 04, 2018 6:29pm
Agreed. Should be nowhere near $0.25. We will see how this is being played in the RE. JMO.