Management have done very well out of a stock that has a more impressive record than Lzarus.
Credit where credit is due but Terry does not warrant a lot of credit nor his hand picked Board of patsies.
These people have lost everythingthey created - what is so smart about that.
Terry has had his snout in the trough for years and given nothing back to shareholders.
Mates and insiders may have been able to trade the stock for a profit, but traditional buy ad hold invetsors wanting to back an explorer seeking to build a company have been bady burnt.
Selling out of China may prove more difficult than you all think.
The team at Roc has been replenishe da few times but they too have real time experienc of the Chinese - and it would be amazing if they are willing to pay ful fare on an asset that has caused them a fair degree of indigestion over the years already........
It looks cheap, but that all depends on the assumptions that you build in.
Be careful that you do not assume too much.
DYOR
PSA Price at posting:
18.5¢ Sentiment: None Disclosure: Not Held
