Great post, hope you don't mind me dissecting and aadding acouple of things.
1 " I believe I have a slight advantage in that I have been to Rocklands twice, seen the construction progress, been into the pit and seen what is there"
Absolutely did shareholders need to go and look for themselves. As it was my first visit, I asked many about the changes in a year. Everyone was blown away with the progress.
2. " asked many questions of people who are on the ground working (other than those to Directors and Management), dined with the Directors and over three days spoken with other shareholders (quite a few in the Top 100)"
That is what all of us were doing, including one guy who had some doubts. The only question really unanswered was about a dividend policy, it seems to be something not to be discussed until cashflow starts rolling in, to me that's fair enough. The typical answer was that shareholders would be looked after. (begs the question, which shareholders) I would also suggest that I was one of the smaller shareholders there from various discussions, which would make nearly everyone else there in the top 100, and probably representing around 35% of the total. If the OW bloke had made it (visa hold-up), the shareholders would have likely been the majority of the company.
CDU Price at posting:
$2.00 Sentiment: Buy Disclosure: Held
