Thursday, 21 January 2016

RESOURCE PRIMA - VALUE TRAP NAV $0.109 USD VS MARKET PRICE $0.051

The market has sold down greatly for many COAL resource producers stock. However with RESOURCE PRIMA positive mining exploration announced on 8 JAN 2016 thus hitting a high of $0.075. The stock price have corrected 32% in panic fear with the GLOBAL MARKETS. But with the latest financial reports from RESOURCE PRIMA NAV of $0.109 USD (SGD $0.15 1.4x), we would trading 66% below their book value. So from today onwards, can we RESOURCE PRIMA trading towards a higher valuation with GLOBAL MARKET recovery seen today and last night.
 

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