...Im developing an apartment block - Call it block A. Current indications are the value for MY SHARE of the apartment block A project, in TODAYS money is anywhere between 40 and 60. I know the market is strong for the next 10-20 years...or more due to transitioning I have good potential for upside - i own the neighbouring blocks and may be able to build on them too. My current project Block A will largely build itself - I have a "FREE CARRY" to lock up, which is 2 years away. In 2 years time I need to spend 4 to get it to completion (I could either borrow or sell equity at that time) I can sell my share into a market for 4.7 today, but im not that dumb, I hang on until I get a better price. In the next 2 years, someone comes up and says Ill take it off your hands for 12 now. I don't think so. Ive hit a jackpot with my ground. Come and talk to me after 2 years time.
To someone who knows what they're looking at...NWEs ground at LD would fit the above analogy. Money is not that easy to come by. Dont give it away.
NWE Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
