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ST220

03/08/11 1:04 PM

#90 RE: ST220 #89

Sorry for wrong tipping... should be the question
WHO is going to pay.... sorry again
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dannylee_VN

03/08/11 9:12 PM

#95 RE: ST220 #89

Hi ST220,

As you are from Europe, then I am from Vietnam, and I also see things a bit strange.

In my opinion, PHI Group' share is deeply undervalued. Just take into account PHI Gold, Catalyst and PHILand (all majority-owned companies or subsidiaries of PHI Group) and you will see: PHI owns about 33 million shares of Catalyst, more than 80% shares of PHI Gold and about 70% shares of PHILand (roughly, since I do not remember the exact number) and you know that share prices of these companies are all higher than that of PHI Group... You may know that PHI Gold will operate its gold mine in Canada this May, Catalyst has a lot of promising news to come out beginning this month, and PHILand will begin its construction in this May... Then you have to look at PHI Energy and IndoChina Resource, with coal mining and trading deals are about to run in 2-3 months, and profitably... And also some M&A deals for other partners that will be announced soon... Thus, I think the current share price of PHI Group is deeply undervalued.

The "problem" here, I think, is that PHI Group has released a lot of "fluffy" news, has promised a lot but done little or nothing over recent years, and investors' belief in the company has declined sharply... But, if any of those above-mentioned deals is to materialize, then you will see an immediate reaction from investors and share price of PHI Group will boom. Believe me.

Regards,

Dannylee_VN