Trade, If his new article is positive it gives GURE more recognition. IMO - SA or the Big Boys are not going to move the share price much higher from here without some new positive news. The share price will probably drift lower until something positive is announced. The more positive attention to GURE's undervaluation the better.
Sentiment: Strong Buy
I was just reading the Seeking Alpha article on Misleading Headlines and reading the comments on the article the author is going to write another article that should be coming out soon. You can can read the article from Feb 3 on Gure by googling Seeking Alpha and search by symbol will bring up GURE information.
Sentiment: Strong Buy
Trade, I hope you are right. If there are some major players getting involved if we learn who and how many shares they control a shareholders group with some shares to vote with their position may be something to think about in the future.
Trade, The volume Friday indicates new positions being taken. From the prior volume before Friday I don't see any major accumulation... probably half the shares bought Friday are underwater.
Who are the "big boys"? I hope it is some institutions with clout- but I believe they would have had some prior information or research before they jumped in "big time". With management controlling such a large amount of shares plus a possible deal with the 7 million shares in the new takeover announced in January it is going to be difficult to the real value for our shares. What can the "big boys" do in China to get the value in GURE's share price?
It would be nice to know what agreement there is involving the 7.27 million share. If there was an agreement involving a suspected buyout by GURE I would think the gas discovery changes everything as they would want more than $2 a share for the 7.27 million shares. That is if they have any legal recourse. A lot of unknowns.
Why I am interested in who is buying is that I don't see a US institution buying any large stake in a small cap Chinese company because of what has happened to many of these in the last few years and with the uncertain future of the VIE's. The large cap Chinese companies listed in the US will probably be alright. If Gure was to announce a $2 buyout of the company -who is going to stop them. They probably have the votes. One major issue to me is that is the gas find is extremely valuable Gure management would probably do better helping the share price increase. They could become very wealthy with the shares they own. I hope they have thought of this.
It would be very informative to know for a fact who was buying yesterday. If you can verify who was buying with a link or source it would be appreciated. It was great unexpected news yesterday but few actual facts other than GURE has reason to believe they made a valuable discovery.
Thanks for your post Alan. Without some news or positive updates the share price will probably stay below $2 unless shares are being accumulated for a take over.imo
It is impossible to set a logical target price in imo. Some think there will be a buyout in the $2 range - but just speculation. The potential gas find that was just announced is potential at this time. No facts to #$%$ other than we know GURE's management is not going to help shareholders. I would hope for a buyout - to even come close to the true value of GURE.
With the large amount of shares controlled by insiders plus the "new" 2 million plus insider shares from the new acquisition - will the new insiders have enough shares to make a difference. I am not up on everything that happened at YONG but it is very difficult to have a say in these Chinese small caps. I am just guessing but there is the possibility of a buyout of GURE.
More discussion on VIEs-google China Law Blog - then click on Business on right hand side of page. On Business page click on - China VIEs :A Biography of the last few days.
Thanks for all the great posts. I bought ETP when it dropped 4%-too soon but not worried about it long term. So many compelling things to buy they seem to get more compelling every day. Overall market has" potential" problems imo. Negative housing reports 2 days in a row on CNBC. It appears oil still has not found a bottom. More layoffs being reported-over 100k at IBM alone if I read that correctly. Billions in cap ex reductions just reported on CNBC in the last hour. If this keeps up overall growth will be effected as well as negative for employment. Still not selling and still looking for buys. I did say potential problems.
Just read the latest post on the IV message board and CS said the dip today in ETP price is a buying opportunity. I have not read anything but positive reviews for ETP today.