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Gold/Mining/Energy : An obscure ZIM in Africa traded Down Under -- Ignore unavailable to you. Want to Upgrade?


To: Canuck Dave who wrote (817)5/7/2003 1:13:54 AM
From: TobagoJack  Read Replies (1) | Respond to of 867
 
CD, <<1 ... 2 ... 3>> ... Amazing, is it not?

<<And the catch is?>> ... I actually started in creating model that will VALUE, AND COMPARE VALUE of all Oil/Gas Royalty Trusts I own and intend to follow, in exact format as the common denominator of their respective annual reports. I am simply trying to understanding the cash flow, and what may endanger the cash flow.

The task may take me a while, but then having gotten my starter positions, I now have time.

My initial sense is that the royalty trusts are mispriced because they have:

(a) no institutional following,
(b) no global believers,
(c) bad reputation with locals, and
(d) that commodities as a class of assets are not popular with the retail mob, yet.

In other words, 'the heavy duty high octane money is not powering the engine, and the street mob is not yet in a frenzied mode'.

However, all of the above four factors are subject to change and impending attitude adjustment.

Chugs, Jay