DearCEO.net - EUROGOLD LIMITED - View Question - Dear Peter, In the latest quarterly report, the Board states that "It is not the intention of the Board that the primary business of Eurogold will be that of a passive portfolio investor". With cash at less than 1 mil with no positive cashflow, what is our general strategy moving forward to capitalise on future investment opportunities. It appears that EUG is fully invested (excluding future capital raising/taking on debt). Will the Board consider divesting its listed investments? I am very bullish on our investment in DRA, but have reservations in TAM in terms of valuation. I see greater upside and lower risk in DRA with a PE <5. Thank you for your time in advance.

Welcome Guest

Member Login
Username:
Password:

Forgot Your Password?

What We Do

DearCEO is an advanced Investor Relations Solution that empowers investors and listed companies using an interactive web-based Frequently Asked Question (FAQ) system.

DearCEO is a free service and allows investors to submit questions directly to investor relations of public-listed companies.

Have a Question For a Company?
Invest with Answers.

EUROGOLD LIMITED
Questions
Q & A Archive

EUROGOLD LIMITED - View Question

Q: Dear Peter,
In the latest quarterly report, the Board states that "It is not the intention of the Board that the primary business of Eurogold will be that of a passive portfolio investor". With cash at less than 1 mil with no positive cashflow, what is our general strategy moving forward to capitalise on future investment opportunities. It appears that EUG is fully invested (excluding future capital raising/taking on debt). Will the Board consider divesting its listed investments?
I am very bullish on our investment in DRA, but have reservations in TAM in terms of valuation. I see greater upside and lower risk in DRA with a PE <5.
Thank you for your time in advance.

Asked By: monopolize
Asked On: 26/12/2011 EDT

Votes: 1 Views: 110

Login or signup to vote, comment, flag and watch questions!

Comment	Posted by	Actions	Date
still grossly undervalued at 15c (date of posting) based on NTA	monopolize	Flag	19/01/2012 EDT
that statement has been in every quarterly report for many years. they are running out of cash - doubt they can do much except ride the gold market via DRA/TAM	Friedman	Flag	09/01/2012 EDT

Add a Comment

Online Now
0 CEOs
6 Members
45 guests

Statistics
9942 members
9491 companies
198 questions
754 comments

Popular Q Tags for EUG
corporate