Well I'm out.
I gave the management over a year to match actions with words and in my opinion they have failed.
Yes they have made a number of purchases of distressed assets.
But they have not done the following (as they said they would):
Sold Lady Annie - should have kept it simple and allowed Aussie brokers to do the whole thing. Blaming the market conditions at the time was a cop out
Paid a dividend
Made any serious negotiations/sales of Marampa
The sales of all the minor shareholdings returned very little
Good luck to all holders, may the big pay day come one day. I just can't see it happening soon.
Add to My Watchlist
What is My Watchlist?
