re: Ann: Media Release - Quarterly Activities... Paul,Good on...

re: Ann: Media Release - Quarterly Activities... Paul,
Good on you for posting, but the bad news is my figures WERE based on Sub Nigel and not ME.
Sorry mate, wish it were different.
The upside is we keep 74% of what we already owned, but I can't even sell that to myself.

The figures are correct mate and you can check them in the recent reports. Please, please prove I'm wrong!

Rather than go over old points I'll throw out two theories.

1) There is more to the deal than outlined.(unlikely)
I've read through some of the WWR deals and maybe there is more to one of them? I even looked at buying into WWR, but seriously have you been through the books?

2)The old sell you back, what you already own trick.(likely)
Inside 6 months my guess is some fluff will be added to Goliath, just fluff.
Then Goliath will have an excellent asset (ex GDO), some cash gen (ex GDO) and fluff.
Then there will be a cap raise, most likely GDO holders will be given a priority to take part in the development of Goliath.
Essentially we will get to buy back what we already owned.
Maybe Anna Bligh can run it.
She is telling the Queenslanders to buy into something great. Own a part of QR national.
The problem is, they already own it and putting your hand in your pocket to buy what you already own isn't such a great deal.