just had a look at the stocks you posted and it certainly is interesting. some of them are selling below cash per share. i will do more digging over the next few days but i will probably discount the 1) being in a commodity market.. very volatile, 2) if they're still in project building stage.. essentially, need to use the cash for further development, so selling below cash value might still make some sense.
as for LYC, as you'll probably see from my past posts, theres still a lot of uncertainty. sure there's lots of potential, i think we can all agree on that. but its realising the potential itself that will bring value and i think this is the basis of buying this stock. we all know that once it goes into production, profits will look good. its when profits can start rolling in that is the concern. so.. for me i havent made an all in bet, maybe i will do so in the future... once things become clearer. essentially, valuing this company presents many many challenges and if i were to buy more shares in this, i would want a very large margin of safety to offset the risks. remember potential isn't guaranteed success. so atm i think the 1 bill cap probably factors in some of the growth potential for this company. if it doesnt perform ie: no prodcution post nov 8, i would expct another plunge. as stated previously, if they wanted to raise cap by equity, they will porbabbly have to do so at a discount to current market prices to entice people to do so. this could mean more dilution and a lower share price. but.. nothing's set in stone and i'm hoping the sultan or whoever can just let us start!
LYC Price at posting:
71.0¢ Sentiment: None Disclosure: Held
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