Sorry, I had to cut my last post short as my laptop was about to die,
In regards again to your capital trap comments, I was thinking more about it as a value trap than a
capital trap, but thinking about what you said as a capital trap, Nah, again I dont believe that is the case here
There is only a handfull of companies that I know of that I would call capital traps, where the manager
controls >50% of the company and basically bleeds it dry for their own benefits, if that is what you mean
There will be a time when that 35% trapped discount to NTA is released IMO, just like what has happened
to AACo, it took twiggy and simon holmes a court showing up on the registry to release its trapped NTA
What we need is a few more years where we can pull over 60,000 tons of grain off the farms and get
todays prices for them, years that arnt dry or too wet, or frosted over, or mice or locust infested, string
a few of those years together and the NTA discount would evaporate IMO....but thems the risks especially
now with a changing climate
cheers grant
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