gilbertson... asset stripper

lets look at CSM's saleable assets.

It has a profitable chromite mine.
It has a profitable manganese business.
It has a profitable nickle business.

It also has 32% Jabiru and the promising Jaguar project.


Pallinghurst is a private equity company Ok.

So how do these companies work?

well for one thing they look for diversified companies that have valuable assets that are undervalued by the company.

They then in theory build up the assets and sell em off.
OK
Sometimes however they don't build up the assets at all, they just sell em off.

Now what do think Gilbertson will do?


Gilbertson is saying he will add value to these businesses. In particular he is talking about doing deals and taking over managanese assets in South Africia.
He and Baxter are making a big thing of this at the moment.
He is saying sell me your company cheap and I will make it worth a fortune.

BUT WILL HE?????????????????????

Will he add value to the company?

You realise, if we give him our company he will get a 60% controlling stake which means he can do what he likes with the company.

He can completely disregard the needs of shareholders, if he wants to.

My question is this........

HOW DO WE KNOW, GILBERTSON WILL DO NOTHING TO GROW THE COMPANY AND JUST SELL IT OFF?????