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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Darth Trader who wrote (12466)	8/23/2002 12:25:14 PM
From: upanddown	Read Replies (1) of 206330

Darth I can't really agree with Jim that the book value is totally meaningless. When a share is selling for .76 and shareholder's equity is 1.343B or 13.00 a share, there has to be some asset value there. No buyers yet for what they would like to peddle but there must be potential buyers out there. Probably a lot of fluff in the valuations from over-valued FPSOs, data libraries, goodwill, etc but even if you reduce the equity by 50%, it is still 8-9 times current share value. I'm hoping the new guy buying in sees it as a asset play. John

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