dear mr. taig, page-13

CW,

Your pig farmer example will suffice. He owns everything and he gets all the reward that he can spend and expand or go on a holiday.

the 49% has no say when they get any money. We have a pig farmer manager that has one goal, endless expansion of his pig farm, endless ploughing back into yet more pig farms.

When do I see a cheque that suggests I am getting a 10% return on an implied 50 c share price. When SD says I can, after they have finished expanding. When's that?

I don't see any other reason for 51% ownership. They were not thinking anything about 49% sh returns, and they have a gold business and diversifications in China that enables them to add value once they have gold, so they have other places they can get cash from handling gold. We have only one.

Why is sp going to increase...only because there are returns. Speak to your fund manager mate.