Cash at hand > Market cap...undervalued?

[Bushman]

Have a look at HDG announcement today for a glimpse of the future

 

[Shrewd Crude]

bushman,
Can you please elaborate on your post...
you mentioned it, why does it interest you?

.^sc

 

[ormond]

TRY-Troy resources

Market cap.$55 mill.
Cash-$60 mill.
50000 oz per yr low cost gold mine
Iron ore production early next yr
Processing plant in storage worth $30 mill.
Crazy times!

 

[Wysiwyg]

TRY-Troy resources

Market cap.$55 mill.
Cash-$60 mill.
50000 oz per yr low cost gold mine
Iron ore production early next yr
Processing plant in storage worth $30 mill.
Crazy times!

Do these miners ever turn a profit or just keep churning the money over?

 

[So_Cynical]

TRY-Troy resources

Market cap.$55 mill.
Cash-$60 mill.
50000 oz per yr low cost gold mine
Iron ore production early next yr
Processing plant in storage worth $30 mill.
Crazy times!

^^^^ Knew someone would post this eventually.

ormond u didn't mention the sandstone mill/plant and the
fact that Troy are Debt free...there's more but who cares.

Watch the SP fall again again tomorrow....prob insiders selling
cos they know stuff we don't.

Do these miners ever turn a profit or just keep churning the money over?

Payed a dividend every year for the last 7 or so years...Troy had a (paper) loss last year due to
the closing of both there producing mines...and the dev costs of the new mine...still payed a divy.

 

[nunthewiser]

Do these miners ever turn a profit or just keep churning the money over?

last financials was the first loss booked in a number of years , previous to that has had increasing profits and a growing divie, transitional year in the finishing of mines and starting new ones and also developing an iron ore pocket as a bonus found alongside its gold workings

not saying it will make a profit this year but certainly is in an attractive position for future growth and attractive on its cash to market cap alone not taking into account ANY other assets

 

[nunthewiser]

Knew someone would post this eventually.

ormond u didn't mention the sandstone mill/plant and the
fact that Troy are Debt free...there's more but who cares.

Watch the SP fall again again tomorrow....prob insiders selling
cos they know stuff we don't.

LOL i given up with the buggars , what will be will be

i hold

 

[Wysiwyg]

last financials was the first loss booked in a number of years , previous to that has had increasing profits and a growing divie, transitional year in the finishing of mines and starting new ones and also developing an iron ore pocket as a bonus found alongside its gold workings

not saying it will make a profit this year but certainly is in an attractive position for future growth and attractive on its cash to market cap alone not taking into account ANY other assets

Yes u r write none.Hopefully a rosier pickcha the udder sired off this bare psyche all.

 

[nunthewiser]

Yes u r write none.Hopefully a rosier pickcha the udder sired off this bare psyche all.

gotta luv a smartarse, u asked a question , i answered

i would apologise if my typing and literacy is not up to your standard but hey what would be the point , it wouldnt change the fact your still a smartarse

 

[Wysiwyg]

gotta luv a smartarse, u asked a question , i answered

i would apologise if my typing and literacy is not up to your standard but hey what would be the point , it wouldnt change the fact your still a smartarse

Share the luv brutha

 

[nunthewiser]

Share the luv brutha

Yes , you are right darl

thankyou

 

[Bushman]

bushman,
Can you please elaborate on your post...
you mentioned it, why does it interest you?

.^sc

Did you do an ASX search on HDG?

They have cash of $5m and a mkt cap of $2m @ the current price. So the directors are engaging in a share buy back.

However the severe liquidity issues in the small end of town will ensure you probably cannot take a position now.

But, IMO, cashed up directors will engage in share buy-backs now as this will often be in the best interest of shareholders when unit prices do not reflect liquid asset values and it adds liquidity to the market for their shares. Could be an arbitrage opportunity there for new investors. Still a risk, off course, and due to the dire liquidity of some of these shares if Directors do not announce a buy-back you might be stuck.

 

[bas]

Did you do an ASX search on HDG?

They have cash of $5m and a mkt cap of $2m @ the current price. So the directors are engaging in a share buy back.

However the severe liquidity issues in the small end of town will ensure you probably cannot take a position now.

But, IMO, cashed up directors will engage in share buy-backs now as this will often be in the best interest of shareholders when unit prices do not reflect liquid asset values and it adds liquidity to the market for their shares. Could be an arbitrage opportunity there for new investors. Still a risk, off course, and due to the dire liquidity of some of these shares if Directors do not announce a buy-back you might be stuck.

How is that an arbitrage?


Heaps of stocks trading below cash at moment- BRM, GIR to name a couple i've seen. I guess the fear is that they'll just waste all the money on ground that will never turn into a profitable mine. I'm buying them on a day like today though- just hope i don't get taught one

 

[Uncle Festivus]

Red 5 (RED) market cap = $20m, cash = $29m.

Now only if I had a spare $20m I could make a quick 40%?

 

[noirua]

There could be possibilities for mining stocks with tenements and plenty of cash. Sometimes a producer is interested if they need this cash with a drop back on the tenements later.
Can be a way out for a minnow that has little prospects in this tough environment.

 

[noirua]

There could be possibilities for mining stocks with tenements and plenty of cash. Sometimes a producer is interested if they need this cash with a drop back on the tenements later.
Can be a way out for a minnow that has little prospects in this tough environment.

[size=+2]Have you spotted one yet? [/size]

 

[Kremmen]

If I'd noticed this thread back when the last post was made, I'd have pointed out PGL. Back when you guys were discussing flaky miners, PGL was trading at 60-80c/share with $1.10/share cash in the bank.

So, now that I have my PGL cash, what's the next cash > market cap stock?

 

[drsmith]

I've found one... AXT Argo Exploration - Market Cap is 3.28 mill approx with 82 mill shares on issue at 4c. Cash at hand is 4.4 mill. A difference of 1.12 mill or 1.3c per share!!!

Since this thread is back to life, how much though would be left after the directors have had their fill of long lunches ?