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Gold/Mining/Energy : Copper Fox
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To: dsikorsk who wrote (9102)1/16/2015 10:22:57 PM
From: louel   of 10654
 
Your statement: " the fact that the share price is trending toward 0.1, 0.05 or even 0.02 does not make the value of the properties worth less." Is 100% correct. Value is the amount of profit from production of contained minerals over LOM minus closure costs.
There are numerous businesses on the market today, where price is far below book.
An example would be Emerald oil (EOX) Oil prices were in decline. LQ EPS .15 But Y/Y Earnings fell by over $800,000 Last Sept large holders began moving their money elsewhere. Share price fell from $8.50 closing today at 79 cents. Assets themselves were not diminished Book value is still $5.79

It was a casualty of Oil falling out of favor. Like Schaft creek any decline in asset value is because of mineral prices. Not because investors sold into the bid in order to move there money elsewhere. Share holder value was diminished by ever increasing share float.
In the process never being subject to any back in or J/V agreements, EOX along with a few others, a prime buyout targets.

On this: " I don't want back in this when everybody likes it again because the share price will be many times higher, that is the time I plan to sell."
You had the chance many times when you were still above water. Losses are market lessons. Try not to let history repeat it's self.
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