Roiboi NHC have taken this action because of the -49.3% return year on year for the last 3 yrs (...and yes also because they are $hit scarred about the long term future of coal). I find it hard to believe they will entertain the idea of flogging the company off for under 30c which would not be anywhere near breakeven for them. From memory they did not load up during the 4-7c range so they are in deep. We need to wait and see what unfolds when they start to inform the market on what they now intend to do. I for one would not be unhappy if they shelved the AIM Listing plans as a start. I am not happy how this has all unfolded, but I would not be surprised if it worked out for shareholders in the long run. I honestly believe DTE share holders will be rewarded in the long run.
DTE Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
