This has been a frustrating company to research on. Deep value investing involves ascertaining a value based on the fundamentals and the macro factors of the company. But that’s only half the equation: the price you have to pay for the value is the other half.
The problem with Geo Energy Resources is that whilst I was researching halfway, the share price started shooting up very aggressively. It is very frustrating to see the price-value gap narrowing while I am still working on my investing thesis.
Eventually I committed a cardinal sin that deep value investors should never do: Invest without completing your research. Thus far, it has turned out well, and I am finally done with my work.
This company has been dominating my thoughts so much in the past couple of weeks that I actually had a ridiculous dream about coal one night!
Anyway, in response to my earlier ......
