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2,913 Posts.
61
22/09/11
00:14
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I agree that ORG would like to sell down
Shareholders are starting to worry
If they could get rid of another 15% to a third partner getting them and COP down to 35% it would be good
Looks like a Train 2 objective
Look at that big ORG presentation slide 11 (page 73) - I just about fell off the chair as it has used the DC Gearwheels
This might be an Omen we can cling onto with ORG copying some of DC's tricks
The way the market is 90c cash looks really good
STO wont sweeten to cash if they do so at all - too stingy
Only their buddy TRU gets the cash and that is only after giving STO $284M first
The brilliance of the STO bid is amazing -- cash flow positive for them , just the printing press running for a bit
That ORG Presentation was the best Ive read - very comprehensive. They are now awake to the fact that they need to convince the stakeholders.
Just give me 90c
Cheers
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