Re: Genuity Raises to $7.00!!! From $5.50.
posted on
Feb 26, 2008 09:35AM
NOT cannot realize the full market liquidity for its shares until it is listed on a major exchange. (That is a simple fact, not an opinion or investing theory.) That represents the next great opportunity and the next great financial milestone for management and they are highly geared in that direction. Until then, settle for a 20-40% discount with more downside than upside volatility due to illiquidity. That is not bad, just a fact, and as long as you are a long term player, this will provide a mid term chance to add to your position cheaply. With DE2 coming into the resource calculation , the ultimate 43-101 will be very impressive from a valuation standpoint. In my view, Genuity is only half correct, it would be much closer to 7.00$ today if it were TSE listed. Be patient, this will be viewed retrospectively as the play that most people missed.