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To: Seeker of Truth who wrote (38339)9/17/2003 5:47:13 AM
From: TobagoJack  Respond to of 74559
 
Hello Malcolm, <<Vermilion ... Aventura>> I feel OK about Vermilion to hold.

I had never done any valuation of Aventura, and therefore do not have any sense on whether its stock price is in line with its reserve/prospects and 'trade' value.

I had the impression that when I purchased Vermilion, its price had within it a CAD 2/shr of Aventura value, and Aventura was trading at around CAD 4+, and Aventura was supposedly over-valued by CAD 2/shr.

If so, and if nothing has changed in the interim, then it is possible that Aventura now gets sold at between CAD 2-3/shr, instead of its liquidity/gloat constrained 'market value' of CAD 4.8-5.2/shr.

Chugs, Jay