Background Noise

Ladies & Gentlemen

Calmer heads will prevail. Clearly ALA is not looking to offer their expertise and become coal miners. Look past the surface of a 6% stake in the business. Liberty is simply a vehicle to derisk future investments from Arcmedies or an opportunity to spin off HomeOpen or another project into a shell. The point must be made that the purchase price of the shares in Liberty is below the 52 week low. As was mentioned earlier, at close it was double this in after hours trading (not mum and dad investors but instos)

Derisking by leveraging opportunities into separate business units or indeed companies is a prudent management tool practiced by most successful businesses.

I am still very pleased to have my money parked in ALA.

Don't do yourself a disservice by giving credence to the background noise.