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Strategies & Market Trends : Low Price/Cash Ratio Value Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (1448)	4/16/2010 9:29:27 AM
From: FIFO_kid2	Respond to of 1931

For the record I bailed at $7.30 US when ENOC proposed to buy out the minority shareholders and the subsequent sell off on the deal's cancellation was not great enough for me to prompt a rebuy of the shares. I agree there is some value remaining in the shares but I have since moved on to other stocks where I saw a greater return potential. No one discusses it because it is a hard one to get a handle here since the company is not known for not being open with its minority investors. Turkmensistan IMO has been the best investing environment of the post Soviet bloc countries and still remains that way. Taxes are still very reasonable. The stock is still a cash machine and the company should start to monetize the stranded gas at the end of 2010 and now has 2 offshore drill rigs operating. However, my big knock on Dragon is the company has not yet initiated a dividend policy nor moved on its promised diversification of its assets for over 3 years. If you are looking for serious future capital appreciation take a look at Orvana Minerals. It is a great example of taking advantage of a distressed situation when you have a cash hoard on a balance sheet.