re: Ann: Intention to redomicile - supplement...
Hi to the faithful few who follow this one. I've just sold my holding - 7499 - probably to the share buyback.
I would have just sat on these, just waiting for them to slowly grow, but the proposal for redomicilliation (That's a new word to me!) just makes it too complex for me. When I've held US shares the taxation and holding fees produces too much paperwork - and this new structure looks like that could be the case. And even more illiquid.
I bought because of their strong cash position and their business in China - and with ASX regulatory overview - sort of made it feel safe. And through the GFC that lack of liquidity has made it very stable while every other commodity stock has been bouncing all over the show.
So, I've bailed today, 50% up over about three years, so I guess that's OK. Still think it's potentially very profitable, but I'll take the money and move on.
Good luck to all holders.
ATR Price at posting:
$2.50 Sentiment: None Disclosure: Not Held
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