Greyvest Capital (GFI,T) Message Board

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Gold/Mining/Energy : Greyvest Capital (GFI,T)

GFI 45.69

+0.3%

Jan 9 9:30 AM EST

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To: Ciao who wrote (16)	7/4/1999 10:28:00 PM
From: Michel Miron	Read Replies (1) of 23

Yes I read it. I'm not sure what interpretation we should give to certain data (in the notes section at the end) where assets are divided in three colons. The first colon provides data about Vernon loan/leases subsidiary (profitable) the second is about the core company (Greyvest - marginal) and the last is about the companies which were sold recently. I am a bit worried about the total assets under the core business which generate almost no income. Are those assets fairly evaluated to their true value ? otherwise we may expect a big write-off which will reduce further the net value of the stock. I hope I am wrong.

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