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6.38% 5.0¢ greenwing resources ltd

Ricky.You rate it as a long term buy!So what will you buy...

  1. chinkiat
    1,050 Posts.
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    11/07/11
    16:43
    Post #: 8659183
    Ricky.

    You rate it as a long term buy!

    So what will you buy at?

    I've been around Bass for many years and it looks very sick to me.

    The mill might have cost $100 million and Bass might have picked it up for $3 million but if you are struggling and a forced seller you aren't going to get anything like fair value for the asset.

    When there is a meltdown, price and value rarely are the same thing.

    Bad sentiment will drive this down a long way. Bad results will drive it even lower.
    BSM Price at posting: 20.3¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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