Thanks SK for your comment. To me, the belting in the last few days comes from teed-off investors. Fair enough- it has been an awful ride and my wife still doesn't know how much money I have lost. (In our house she is in charge of the nutrition,shelter mgt and religion portfolios and I have the education, sport and investment ones- LOL) Hopefully, people can have another look at what is going on at RSN and what assets are still in the mix. On a price of $45M, based on how TG seemed to be going (not great) I bet there was zip chance that the mine would deliver anywhere near that amount of cash to the company in 18 months. So I think it is a good deal. Maybe I am dreaming or even expressing wishful thinking, but depth looks a bit better and sellers aren't busting themselves to get out. Possibly the worst is over.
RSN Price at posting:
0.0¢ Sentiment: None Disclosure: Held