Hello Charshay,
I really like GRVY and have owned it for months. The company is profitable and has a lot of cash.
As my strategy continually evolves, I'm tending to shy away from value plays that don't have a catalyst to unlock value. GRVY has a catalyst in that when Ragnarok 2 comes out, hopefully later this year, I'm assuming that the stock will run to some degree on the news and depending on that run, I will consider selling. In the meantime, my view is that the stock should trade around $2 based on it's balance sheet and profitability.
I'm digressing a bit here, but in the same way, I like TGB, as they both have catalysts this year. TGB is heading down the road to get it's Prosperity gold mine approved, which will hopefully be a catalyst for futher stock price growth. And if the mine approval is halted, I don't believe the stock price will collapse based on the value of it's copper mine operations (though it will probably decline to some degree).
I guess what has continually frustrated me in the past is buying a value stock with no timeline and waiting forever for the stock to go up without a catalyst. Hopefully GRVY will get Ragnarok 2 out the door this year, giving us an opportunity to sell on a run.
We will see.
Thanks,
cw |
