I'm all out now because I don't trust any majority holder to look after the little guys, especially little guys who haven't played ball. However if I find another stock with the same size and quality of resource, proximity to infrastructure and with a Market Cap of $520m I'll be buying because it is cheap, cheap, cheap!!!! Xstrata must be dancing on the tables.
Ozwire - I share your disappointment and I agree the board have totally mismanaged the whole thing. Although I have made a tidy profit on this share I will always view it as a disappointing outcome. SPH had the potential to be life changing event for many of its holders rather than a nice Xmas bonus.
SPH Price at posting:
$3.00 Sentiment: Sell Disclosure: Not Held