Lol - Longshott - like you nic you are going against the flow and backing a longshott - Cliffs , EIM and JP Morgan before them saw the writing on the wall with this one - You say you are no apologist for management well - who would be !! they have presided over a 90% fall fall in shareholder wealth since they tapped them on the shoulder for cash in the 78c SPP.
For mine the market has got it right on this one - they paid $20m for cockatoo and now its got a book value of zero, - Hit and hope on PLV. long way back to even the 38c WEG . Timeone . SS & T paid.
Cant see it not ending in tears but hey thats just another downramp according to the masses,
if it walks like a duck its probably a duck !
hOOt
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