Hi Getonthetrain
thanks for your last insight on GNRT i have been watching it very closely
Do you think they will fall nearer to 4 bucks now ?
Its just after the new builds the cash position in there latest filing is weaker currently @ 162million for current assets compared to 216m current liabilities
And also do you think they have been depreciating the assets sufficiently @ current level? reason I am asking this question is I got burned on DHT a while back after they had a massive impairment charge hitting the income statement for the qtr as they had not depreciated sufficiently resulting in an unexpected loss so the share price tanked temporarily only recouping that now :)
thanks in advance
rgds
g