eld debt looking forward, page-10

W you are on the money. We are all to believe the elders management who told us that @$1.50 its was a great deal and to put our money in.

A few years later we all want to believe exactly what they say - Not me. Personally if things were going so well I bet we would have all the info needed to prove to ourselves that RHL offer is far too cheap.

So why dont they tell us what we own , what we owe and then tell us how big the hole is for the onerous leases in the forestry and how much it costs to run the forestry division that is now left. Everyone on this thread seems to think that a loss making division just goes away you write it off or sell the assets and someone else goes and takes up the losses.

If it was such a slamdunk you would have thought they would have put more info out there.

So we are left with innuendo on both sides the suitor has no actual information to make a bid and the management but a few thousand shares to show their commitment to the cause. I am not convinced.

I also own RHL so have both stocks.