Discount rates way too high, with permitting so close. And Bongara number doesn't make much sense either based on last 43-101.
Modan, this is a microcap stock..and as such in todays post financial crisis market, most funds can not own this stock. Small cap these days is 2 billion, so 50 million and no liquidity actually prevents most institutions from owning this..a shame, a sign of ridiculous times, over zealous regulators all of the above, but nothing some funds can do. These are the kinds of investments that make or break fund managers, but alas they can't do anything but curse Dodd-Frank
Seems too low, I can't believe if this company were handed to a banker post Mt. Hamilton permit, that between the 2 projects they couldn't get a small bidding war going.
Pretty insane, I'm losing patience with this and EGI. At some point Rio walks. They have done it before. This is why the USA is a COuntry of laws and the rest of the world is not
Dude, there's 800mm of converts, a good chunk could be hedges. They need to turn this quick before they run out of cash
Book, they hired Jeffries, A &M and restructuring attorneys. Probably will burn a bunch of cash again this quarter, any liquidity they develop will go to the banks, with no working cap to up the inventory again, unless they take the leverage down. My guess and only a guess is current equity retains 3%.
Was in the TCI Q and K for the past year, but didn't have it in R/E held for sale because the contracts was a year old....It finally closed in mid Jan so to me looks like abig gain,, like $8-$9/share to TCI..but of course everything is consolidated so why keep IOT public..I would tender at $10 if I were them and get the weak hands out...In addition since its a NV corp squeeze out rules are shall we say easy...I still hold the stock..and have smaller size than u
Why this is still public I have no idea...the other 2 started moving on the sale of the 9 properties...This is just land, excess c-flow notes and recv'bles from TCI...yes worth 20+ but we need some event...TCI may and I say may with zero knowledge be liquidating in some form...they have done nothing but sell stuff past 3 years...which is good...value gap closing fast. Hope you own those 2