Gooding is doing very well out of HIG but HIG isnt doing very well out of Gooding IMHO. Its questionabe where his allegiances are. He was great with the Kalimantu sale but since then his performance has been worse than mediocre in realising shareholder value, out of the resources of cash and tenaments at his disposal. The $5billion capex fro Ramu mentioned by Gooding seems like another Fopar regarding Ramu I think the CAPEX was more like US$1.3billion. But quite rightly Ramu needs to be valued on an NPV basis not an insitu value as any one with half a brain will realise. I am still holding but obviously there is some negative sentiment against the company and Ramu both by shareholders and locals. Be interesting if locals prevent Ramu from doing its STD tailings treatment to protect their tuna fisheries. Baker steel must be wondering whats happening after buying at higher prices.
HIG Price at posting:
29.0¢ Sentiment: None Disclosure: Held
