denver,
One thing we don’t know did Mick Stroud sell his 50% of the winery? If he did he would receive $7,750,000.
WAL currently has a Market cap of $8.3Mil Mick Stroud holds 31% with bit of creative thinking a management buyout would be possible.
But Mick is gambling in the Indonesian Gold exploration with the last announcement was giving a positive view.
Please find below a link to the Foreign Investment Approval guidelines website.
This suggests to me the purchase is at least over $5.0 Mil.
http://www.firb.gov.au/content/real_estate/real_estate.asp.
http://www.firb.gov.au/content/monetary_thresholds/monetary_thresholds.asp
Interesting.
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