The reason this was undervalued is not the gold assets, but the cloudy nature in which the gold was hoarded/ lack of clarity around when the gold would be repatriated to holders. (Agree though now is not the best time to sell the gold- this is bad timing).
This opaque nature has been largely cleared up. The asset should still trade at a reasonable PE (albeit much reduced compared to the NST/NCMs of this world.
And we have a big old divy..
What are your price expectations post payout Eshmun?
TBR Price at posting:
$8.60 Sentiment: None Disclosure: Not Held
