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Ann: Transformational Acquisition of the Toliara Sands Project, page-47

  1. 5,900 Posts.
    lightbulb Created with Sketch. 906
    honestly you come across a bit like you are not with it.
    most of us long termers are sitting on a gain from 3-6c up to 25.5c currently.
    we know management well and know there ability to get a project humming, we know their ability to repay debt and make excellent cash flow. we know they can work with difficult slimes.
    We know they have no problem attracting institutional investors (aka patsies) and choosing quality projects. we know they are amazing corporate citizens in Africa and look after their staff and neighbours. We know that directors also invest their own money in the company. we know that the management doesnt take ridiculous salaries and aligns their success with ordinary shareholders.
    What we dont know is why you think there needs to be a patsy in a well run business???
    Who were the pasties in CSL?
    Who were the patsies in COH?
    CBA?

    i was the patsy in Telstra hehehe.
    and have been the patsy many times. i think you may be mistaken here but your welcome to be.
 
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