TI1 0.00% 1.4¢ tombador iron limited

Ann: Investment Presentation , page-2

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  1. 10,917 Posts.
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    The main thing is they do proper due diligence of the business and don't pay too much.I was always taught that you buy a business and have it paid back in 3-4 years.I was involved in a couple of takeovers doing due diligence and saw some woeful books that looked great but only because they didn't feel like paying gst.It looks at about $500k too much for me but if they don't pay them cash and issue shares for purchase would be better.
 
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