I whole heartedly agree with your valuation analysis but the market does not, I have been a holder for 12 years and still buying as of earlier this week, having seen .47c in July 2007 and .024c only back in 10/14 and again in 7/16. I would love it to trade at a minimum of value of subs, cash etc. and I still remain positive about future Blue Sky but the retail market don't at present. This is frustrating and I sometimes wonder if the board, including NM, have upset any of the "Sophisticated Investors"???, obviously not Tribeca. The board and senior staff are excellent, I also agree.
There has certainly been value added to the Company through the subs and I am feeling confident at present, and I sure don't believe the Company should trade at 35% of NTA but this is a realistic measure until proven otherwise.
Like the Investment houses say "PAST PERFORMANCE IS NO INDICATOR OF FUTURE PERFORMANCE" and this may be the measure that the market is missing. The poor performance of the DGR SP in the past may well be a thing of the past in the future. GLTA.
DGR Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
