Thank you for your generous comments Croesus1. I do agree that...

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curiouswon

3,923 Posts.

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09/12/15

13:03

Post #: 16577711
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Originally posted by Croesus1 ↑

Hi Curiouswon,

It is posts like yours that make me come back to Hotcopper occasionally.

Your heading and deduction brilliantly summarises the situation in my opinion. Could the current situation almost qualify for the term of "management assisted buyout??"

I just cant see how I can add to your comments without the risks associated with getting sued for deformation etc if I wrote what I think has happened and what the situation is.

In my opinion the JV at Henty etc sought of spoils an outside party bidding for the company I would have thought??

In the back of my mind is a hope that another party will make a blocking bid and then we will end up with a joint bid and asset split somehow. I only briefly looked at the scheme and don't like what our directors have signed to.

Anyway it is up to gamer posters than me to comment on what they think is happening.

I think value is well north of 2.9cents per share in several months time.

I don’t think people could expect investors to buy more of these shares with the risks associated with the all the trading activity (volume) a couple of months back and the half cent dividend causing me to raise my red flag (in the months previous to these events the board had said they needed more money to develop Dargues …. the next minute they’re handing out a dividend.)

disclaimer; the above post is my opinion and is not to be considered advice in any way whatsoever. The above post may be factually incorrect in many ways and probably is. The above post has been submitted for entertainment purposes only and to join into a forum where small shareholders can convey their thoughts to eachother about what is happening to companies they have an interest in.

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Thank you for your generous comments Croesus1.

I do agree that there are some questions about re Board past actions and it is difficult to say too much more (recognising also that one needs to be fair to them).

I do think that with sp at only 2.6c (mostly covered by cash of 2.0cps at 31/09/2015) and significant medium-long term value at both Henty and Dargues, there is room and plenty of upside for another interested party to enter the fray, and win or divide the spoils with PYBAR.

UML Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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Thank you for your generous comments Croesus1. I do agree that...

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