I'm in GNRT @ $4.54/share. While anything is possible, I see them trading in the 4.50-5.25 range until a breakout catalyst occurs. Very likely a takeover target company. Frontline is currently sending offers to buy DHT, but many analysts are unsure if that will happen. If not, they see GNRT as the most likely company for them to purchase (at a price premium).

They are releasing their earnings on March 14th, so we can see if they can improve from the small loss last quarter. They are currently paying about $18.3 million/quarter in interest - so they have a decent runway with the cash on hand even if the shipping market stays at the bottom a few quarters.

As for valuing the assets, shipping companies tend to always overstate the prices of their ships. But GNRT has the lowest average age vessels for any shipper company with a fleet age of just 4.3 years old. They are almost all the newer designed "eco" ships too.

Did you read my latest penny stock post? https://steemit.com/money/@getonthetrain/my-top-5-penny-stocks-for-2017-gold-lithium-potash