G-Resources: 1/6 Liquidation Value & Prior Mgmt GoneA month ago I published an idea on Seeking Alpha on a deep value stock in Hong Kong with changes afoot.. G-Resources ( 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.
