Your maths checks out, however the valuation reflects the fact the management team couldn’t organise a root in a whorehouse. That metaphor might seem harsh but compared to competitors, these guys should have 4-6 months or PE shipments under their belt, instead they have lipstick on a pig.
I’m holding on the off chance the Peru asset is picked up for a large sum.
Your maths checks out, however the valuation reflects the fact...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
