Post by
Aberlour on Mar 23, 2009 11:16am
Tangible Book Value
I have followed this company since they found the first diamond in their intial drill hole around 15 years. There has never been a better time to enter than now. They have two world class assets, which could not be duplicated. Prior to this deal they had a net tangible book value of $8.22 per share according to my calculations. There is an impending shortage of diamonds which cannot be met over the next decade. Anyone with a time horizon longer than a gnat's attention span should jump into this stock. It reminds me of Miramar when Newmont came in to buy their initial 10% stake at a significant premium. Not that much later, MAE was taken out by Newmont. Kinross has made a very smart and strategic investment and they got their intial stake for a song. With no financing risk, the market should focus once again on the positives here. JMHO
Comment by
blackbart26 on Mar 23, 2009 12:17pm
I bought ABER at 55 cents sold at 12 years ago. Just got back in.
Comment by
puma1 on Mar 23, 2009 4:27pm
i think the $8 of tangible value will take a hit given the new value of the mine based on this transaction. unless of course, you already adjusted for that?the HW retail arm has some reasonable bv as well imo. it may not be what they paid, but it is worth something. remember it does have the right to distribute all the diamond sform all partners.
Comment by
greatemailslob on Mar 23, 2009 4:59pm
rookies using tangible book value is like buying a GIC....something you should be doingthe real value is where you dink rough diamond prices will be long term and arrive at a net asset valuenice rally today i sold my 305 shares at 315tiem to move onthe only thang i can dink of if rtz comes in and buys HW to rep empt kinrossLOL
Comment by
puma1 on Mar 24, 2009 9:11am
rookies buy and sell 305 shares people were looking at bv as an alternate confirmation of base lines
Comment by
greatemailslob on Mar 24, 2009 9:28am
rookies shouldnt be in this market....so buy a GIC the KING
Comment by
puma1 on Mar 24, 2009 10:02am
then i am glad to see you sold your rookie 305 shares, took your own adivse and got out of the market - self professed rookie!
Comment by
greatemailslob on Mar 24, 2009 11:16am
pumasi bought the block at 305 and no follow throughi am sure you own HW at 10 bucksi made moneysee you in the fall at 2 buckswhen you sell yours for a tax loss opps you need a gain dont youlovin your money
Comment by
Aberlour on Mar 24, 2009 11:32am
slob:Last trade $3.24 - does your mom know you're day-trading? She'll be mad when you lose your allowance.