SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : TRIVALENCE MINING

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Elizabeth Andrews who wrote (496)7/6/2000 11:26:27 PM
From: Crane  Read Replies (1) of 527
 
Hello Elizabeth,
As one who usually enjoys your comments and argumentative style, I've been disappointed so far with your efforts on this thread.

First... TMI as a short... I see potential upside of 30% if efforts to find an economic pipe fail and the results from the alluvial operations sour. Of course if they serve up a good/great pipe and alluvial operations continue to impress downside potential could be 300%...... so unless you and some friends are planning a coup over there I'd recommend against shorting TMI

Second... TRE.A does trade at 3xs earnings (as only 10% of shipments take place in Q1). It is true that most of their income PRESENTLY comes from acting as an agent, HOWEVER they have over 600,000 hectares of plantations coming on stream and a particle board mill which will be operational in Q3. So you can make up your mind whether this is just a brokerage company or not... personally at 3xs earnings I don't care what you want to call it.

I usually love your work, but I think you should provide some better attacks or find some weaker targets...

Best of Luck,
Crane
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext