Re: Mon-Tues Time & Sales why buy CRY
posted on
Sep 12, 2012 03:26PM
Im not sure what the dollar has to do with CRY. This is no longer a gold play. i can think of a dozen other plays better if that is the reason for buying CRY.
The catalyst for upside imo
1. Hugo losing the election which seems likely imo. Him stepping down another story.
2. Hugo dying and having another election. Very likely if he refuses to walk away after cheating.
3. Note guys finally waking up and taking a small cut instead of the whole pie.
4. The leave to appeal denied
5. Lost profits for GRZ.
I have said it before my real concern is management spending all the money. A huge win for us is meaningless if there is another dilution because they ran out of money. This company can easily operate on 500- 700k a month. That is at least 36 months of life. We are 14 months from trial and at least another 8 after that for a decision. At the rate they are spending now it will all be gone by court date.