The total journey of RFG reminds me vividly of my investment in Futuris Corp, over years ago. The boom, the bust, the lack of focus and then the re-alignment to its core business. (FWIW FCL is now known as Elders Ltd).
Long story short, this stock and a 30 year time horizon buying the lows and lightening in the ups, ended up being a 70x investment and certainly tranformed a humble $20k investment into well over $1. I ended up leaving that party once the SP breached $12, a few years ago now. Naturally, my circumstance now permit me to take some calculated punts, all with free carry, just for fun since the monetary outcome is a little irrelevant.
RFG have screwed up big time, but have still survived and have now cleaned up their Balance Sheet and cash flow. Backsides burnt, lessons learned - you would think.
With the institutional backers now on board who paid over 8c, I am happy to top up with decent lines below 7c - and wait to see what happens.
I too am not a big fan of the new name, but ultimately it is food in bellies that will determine whether this company sinks or swims. IMO the upside is HUGE.
GLTASH
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