"Singapore Trust Company PTE LTD - Pureblood SG/ACS is an enigma"
and there is a lack of detail about them...
It is a private company (as trustee of a trust) that owns the shares for the Executive Chairman. Which is disclosed in the accounts and substantial shareholder notices.
That reason for selling would have to be the craziest reason I've ever heard for selling a stock!! Smells of just aiming to create fear and doubt when none is deserved.
The delays have been painful. But this stock is either worth zero (if the plant doesn't work) or it is worth many, many multiples of the current price if the plant does work. It is just a small number of months that will determine that.
I would err towards it being worth more than the current price. One thing I do know is that funders like Rabo Bank do their due diligence and are not in the habit of lending large sums of money where there is significant risk. They would have done their homework and that gives me great comfort.
Let's check in in 6 months time to see where the price is. I'm happy to wait!!
Cheers Marv.
IGE Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
