about the road, will that simply belong to the gov. when it is finished, or is it an internal road, and thus property of the company?.what im getting at is, if the money spent on the road will be part of the companys NAV, or simply be an expense for the tax year?
i have gone back to 2010 to examine the yearly trading ranges for GURE. the difference between yearly highs and lows has always been more than 100%, on 3 occasions more than 200% , and on 1 occasion 500%. on Jan. 14, GURE made a closing low of 1.36. if we assume that this price will be the low for the year, i think there is a high probability that the high for the year will be north of 2.72, and even possibly close to 4.00. one strong observation in going back 6 years is the incredible shrinkage in volume, so it remains to be seen how this will affect share-price behavior.
GC, i share your frustration, but lets remember the stock is up 80% off its low in 14 and a half months. lets give it another 14 and a half months and see where its at. now that they say they will sell the NG as a by-product, and dont presently need a license for that, and since they are putting a lot of money into infrastructure, i think a go-private offer is a low probability event. you are right that there will always be a reason/excuse not to pay a dividend. they are definitely tight-fisted in that regard--maybe its a cultural thing. oh, the 30-40 price they dangled around is pie in the sky-i think we all know that. yes, the earnings report was a little disappointing, but money went into infrastructure so that has an explanation, and with the disappointment we got another layer of impatient investors out, so thats a good thing.