G-Resources: 1/6 Liquidation Value & Prior Mgmt Gone
A month ago I published an idea on Seeking Alpha on a deep value stock in Hong Kong with changes afoot.. G-Resources (
1051 HK)
1051 HK)- G-Resources seems to be an extremely cheap stock trading at 1/6 of liquidation value.
- Prior management sold most of their stake in a block sale in May and resigned from board and executive officer positions.
- Market responded favorably to the sale for a few weeks, but stock has since sold off and is touching lows.
- Possible reasons the opportunity exists include: China selloff, risk of total loss, stigma around the Martabe sale, etc.
- This article is a call to action for “diggers” to get the full story, contact the relevant parties, and ensure outside investor interests are respected.
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