Hi Jim,
Well, if you can get a few more people to think the "right now" value of TIV is $10, that's where it will be trading.
The market is a discounting mechanism and right now the market has added up everything TIV has going for it, rigs, properties, minerals, gold, potentials for spin-offs, potential production successes ... everything ... and assigned a value to the enterprise of about 40% lower than your estimate ... and a little lower each month.
Is TIV undervalued? Overvalued?
If all endeavors are ultimately successful, workovers, production, mining, an EKHO and/or a Sunrise, then TIV is wildly undervalued right now and we'll all get rich from here.
If current revenues-costs=profits were used to value TIV, which is how established profitable companies are typically valued from quarter to quarter, TIV is wildly overvalued, to the tune of quite a few dollars per share.
Thus, TIV is a speculative oil/gas/minerals play whose non-selling shareholders are obviously betting on success, although it doesn't seem that many are putting new money on the table right now, they're just waiting to see what happens, and perhaps adding a few shares at the lowest prices possible.
All JMHO on the fundamentals side, while I attempt to use technical analysis to be in TIV at the lowest cost basis possible at more or less the right time, which puts me in the holding and accumulating on dips mode right now.
Best regards,
jonesie
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