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I agree it seems unlikely, but I guess they might be hedging. Ie...

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Just_a_guy

5,420 Posts.

298

28/12/18

12:06

Post #: 36972107
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Originally posted by Transversal ↑

Everything is possible.

I would find it utterly weird, though, that STAM:

1) make a massive investment in OMN (relative to their fund’s size) in June, knowing full well it is a high-risk proposition,

and then

2) start positioning for a wind-up only six months later, thereby putting additional capital at risk, in the hope of barely getting out flat,

when

3) the underlying business, while still in its early stages, actually seems to be progressing according to plan.

Wouldn’t you say?

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I agree it seems unlikely, but I guess they might be hedging. Ie if it doesn’t work out, they have a crack at winding it up so they don’t lose everything. I think it’s good for the likes of us, otherwise the directors could conceviably run it to the ground.

OMN Price at posting: 60.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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