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5.3¢ gage roads brewing co limited

Why I am buying more shares in Gage Roads, page-12

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HarkenBanks

1,951 Posts.

61

21/03/16

22:46

Post #: 17332175
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Originally posted by GrizzlyAu ↑

If you look at the companies I have been posting in here at HC, you will see I bought mining services when nobody else would touch them. They had been beaten down to absurd levels, and it looked like the mining world was going to end. Guess what? It didn't end.

If you had asked me that question only a month ago, I would have said MAH, NWH, SWK and maybe even ASL although they had a lot of scary debt. S32 and even the big Australian BHP. However the last month has seen an incredible turn around for mining related stocks. I own every one of those stocks now except ASL (I bailed on it to reduce my risk), but I don't think I would buy any of them at current levels. I am holding them, but not buying them.

WTP is a company I like. $204M net cash against a market cap of $178M. NTA of $1.13 per share against at share price of 96 cents. $1.6B order book as of the last half year report. However, and this will sound funny, I have done more in depth analysis on GRB and it's $23M market cap than I have on WTP. So DYOR before any purchase. I hold WTP.

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Thanks Grizzly, will have a look at those names in the morning.
RXP, NEA, FAR, SEN, PAB and RFX are some of my holdings (as well as GRB)

Last edited by HarkenBanks: 21/03/16

GRB Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
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