re: Ann: Interim Financial Report and Appendi... Hi youmustbeyoking and thanks for your generous comments. I must admit I’ve been expecting a few bricks to be thrown at me for selling so your message came as a pleasant surprise.
On Vanmag, I do think that they have shot themselves in the foot. They must know the level of scepticism that already exists towards them in the market so I struggle to understand why they don’t just tell things the way they are. I said before that if the proceeds are delayed or the sale falls through it doesn’t necessarily mean it is Conti’s fault but to keep changing the dates without any kind of explanation on what the issues are is simply to invite suspicion. The receipt of these funds is an important step for this company and shareholders deserve to be kept better informed.
Although I rarely trade over short horizons I admit I never intended to be a long term holder here so perhaps it’s easier for me to cut it loose. I believed there was a chance for them to raise significantly more value through asset sales than was currently priced in to the shares but sadly I’m not so sure of that now.
I’ll keep watching though and I wish you the best of luck both here and with your future investments. Cheers.
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