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Ann: Shareholder Update, page-192

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tacair

247 Posts.

1228

08/12/17

18:33

Post #: 29495663
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Originally posted by Aquanaut ↑

Do you really think the management are going to outline their legal strategy on such a sensitive issue?

All I know is there's a lot going on behind the scenes - the Dec 4th decision was expected. The share price run up beforehand I think took us all by surprise but remember a major shareholder basically halved their holdings (for their own reasons) still have a pretty big chunk which they , I believe , are intending to stay with ....why?

1. Cash Backing.
2. Great assets.
3. Legal issue likely to be resolved one way or the other. And maybe sooner than we all think.
4. Other options etc etc.

Plus someone bought in huge. What do they know? This thing could have 30c written on it by early next year. Could have. If you want safety buy BHP but that halved in 2015/16 even more (went from 38 bucks to 14 bucks). Markets do tend to over shoot on the upside and down sides. It all boils down to how much pressure can you handle I guess.

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Is everyone tracking cash backing at 4.5c (16,800,000/370,000,000)? Or am I missing something?

NLI Price at posting: 5.9¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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