Congrats on plg.to, Madharry. Nice move and a good confirmation of your analysis of the situation.
I looked at it of course, as I do all your mentions, but I could not understand the value proposition. Looking back at it now quickly, I conclude same. For me, it seemed like part of its business might be worth or trading what some adjacent company was selling at (and I didn't get any sense that the selling price of that company was related to its underlying value), with the remainder of plg's business - mines or right to mine in Ghana free (i.e not valued at all in the plg stock). I saw no earnings for the company and I'd had have to scrounge to find any balance sheet info. Somebody you liked - Sprott - was into it big, and recommending it. His name meant not much to me.
So many ideas here and on other threads, that for me, unless I can spot the value quickly or see the value possibility quickly - or unless I'm figuratively grabbed by the shoulders by somebody who says, "LOOK at this you, guys - and really, here is exactly with some numbers, why it is a value", it's just easier for me to say pass, and move on to the next idea.
Sorry I missed plg; glad though (so far -g-) to have picked up on some of your other suggestions. |
