Agree the timeline has been disappointing but the key for me is they have not blown the cash.They have slowed things down not to do so.
I firmly believe they are very protective of the 20c in value in the co as that was the raising price. If ever there is a privatization(wont happen)it will be at least at 20c. Too many people close to Co were in that raising...this is not a company that burns long term shareholders deliberately.
I think at these levels its vg value but I thought that at higher levels.
PSA Price at posting:
9.5¢ Sentiment: LT Buy Disclosure: Held