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11:54
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Originally posted by MarsC
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Incredible how excited the market gets under such a flimsy pretext. Sandon got their holdings in Spicers as a consequence of their Paperlinx securities. So if anyone thinks that they are actually buyers at current prices, well lets just say I think a little scepticism is in order.may be something material there. I don't know anything about any property in Singapore, but up until December last year (I am unaware if anything has changed since, but certainly no announcements have been issued), the site of the former mill at Wesley Vale in Tasmania was still up for sale since its closure in 2010. That's despite the asking price being dropped from $14m down to $5m...
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Property in Tasmania has a book value of nil in SRS accounts. Property in Singapore exist and can be sold easily.
