Club Mulgoa

Friday, March 11, 2011

TRH

Someone in Hotcopper did a simple calculation of TRH EV. It owns a chunk of RAD and has cash in the bank. There is a potential potash deposit in the USA and it is looking at coal in Columbia. After accounting for market worth of RAD and the cash, TRH is worth very little. That means if you buy TRH, you are essentially paying for RAD shares and its cash holding. The potash and coal hype is worth almost nothing.

Potash worth almost nothing? Potash in the USA? Coal in Columbia worth nothing?

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