Solid foundations. New horizons.

Free
Message: Cash rich, share price poor

Cash rich, share price poor

posted on Oct 11, 2008 11:08AM

The following is an except from a 10-03-08 article at 321gold.com by Bob Moriarty entitled, Buying Bucks For Cents. It appears that that others are in ther same boat with us.

------------------------------------...

The ideal stock would be a stock that has unlimited upside potential and very limited downside. I know resource investors are burned out at the losses of the last six months but that's always true at bottoms. If you have any contacts at Canaccord, contact them and see if you can get your hands on a report called "Cash Rich, Cash Poor Small-Cap Mining." It was put out the 19th of September.

It reveals that Nautilus Minerals (NUS-V) has $295 million dollars in cash and a market cap of $217 million. At today's price of $1.46 you could buy the company, fire everyone and take home about $80 million in free money. The second company on the list, Orvana Minerals (ORV-V) is selling for $.59 a share and has about $.70 in cash a share. How much downside do you have from there?

Share
New Message
Please login to post a reply