Cheers Len I will read up. In the end it is all about risk limitation and TA provides this. FA is possible to be done accurately if one has the capacity to be at the projects to self analyse and see the workings on the ground or if one has inside contact with high level of knowledge. Unfortunately unless u r a sophisticated investor even if we had the expertise one would not get the access to analyse. Therefor FA requires placing faith in others. I keep thinking of ABC and Babcock. To the end the company was in not bad shape until the administrators got in. To the end money was raised to flog a dead horse.
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