So, we recently sold 1/7 of our holding in the DRC for $7m. On that basis, the rest of the holding is valued at $42, which is waaaay over market cap. I don't know about you guys, but based on the past few years, I have no confidence that these people can add value to this stock.
Just wondering about how listed companies can be 'wound up'? If the assets THAT WE OWN can be liquidated and the proceeds returned to us, we'd be looking at a ten-bagger at least from here. Now I'm sure I'm being naive, that corporate Australia has protected itself from 'rogue shareholder action' such as this, but curious as to whether anyone knows if it's possible?
So, we recently sold 1/7 of our holding in the DRC for $7m. On...
Add to My Watchlist
What is My Watchlist?