I think he/ she meant his portfolio management style, not the unlisted shenanigans stuff. And I do side with that observation
I wonder is the best way out to open a buy back at say $1.50 and use up most of the liquidity to fund it. Then let those left behind are obviously happy to sit and wait for the upside kicker from the JBFG. Call em stupid but I'm actually comfortable to do that. My understanding is that the Captain and his crew own about 70% of HML- correct me if I'm wrong anyone. If that's the case they would win if they opened the brig to release us convicts to jump in a $1.50 row boat and push off. Those left would have more of the loot for themselves.
For mine I see the 2 LICs as attached at the cutlass. I have to look up to see which LIC thread I am even posting in here. The tipping point for many understandably was the decision to use BHD to get involved, while the HML mess had yet to be cleaned up.
The post a few up made me think- in hindsight, was all of this over the Options? How or why have we been in suspension since then? I get the ASX wanting to protect shareholders and free information and transparency. But then they leave us hanging like this? I think they also have a responsibility here too
Anyway, Imminent. Head hits table
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