*OFF TOPIC*
Gentlemen:
For the past few years I've followed this thread, be it quietly. I appreciate the insights into LOILY that you have provided, and despite the current disastrous stock price, IMHO, LOILY is still a unique bet -- a small, well-managed oil company selling at $2 with a value of 3-4 barrels of proven or probable oil per share, no debt, a $125 million credit line and undervalued exploratory opportunity in PNG, Malaysia and Sudan.
Since it would seem you all like tangibles -- if any of you are interested -- I'd be happy to post a writeup of a small-cap company, IGC (Interstate General Corp.), currently selling at 5½ on the American Stock Exchange, with a book value of $14 per share and current value of $30 per share in prime real estate, which does not include a wholly owned subsidiary -- Interstate Waste Corp., a waste-to-energy international company with partners including Raytheon, Baltimore Gas & Electric, and the Swiss company, ThermoSelect -- that could add at least $6-8 to the price of the stock for each of more than a dozen potential contracts, if finalized.
Along with a colleague of mine, Dana, I've been following the stock for over five years and believe it's now positioned for movement over the next year. We have direct contact with the principals of the company, and are in an excellent position to report on its activities. If any of you are interested in our writeup, please let me know and I'll post it along with the latest information on the company. Should there be sustained interest, we could form our own thread.
Katherine |
