Some good and well thought out postings here tonight. Lets not forget the AC has said all along that Roseby represent a tremendous value proposition for Altona to develop and he has shown that he can do the right things with Finland getting on line for little money.
I am sure that when Vulcan made the move for Universal that AC also saw value in that infamous Xstrata option if Roseby had the goods and from a shareholders view point he did well to continue to prove it up as much as he could within the time frame he had to work with.
Also lets also not forget that AC is not the largest shareholder within Altona, still its the old duck who has the most to gain, something which also the old Vulcan shareholders has from time to time referred to.
With the register as it stands today, apart from Roeggla as a private person, its all funds owned and has been a long time. If AOH was considered a too risky asset they would all have exited long ago, but they didnt, they played the retailers.
I wonder if AOH had to advise the mkt if Kevin Maloney have been given a buy-out offer for his shares as somehow its all his fault AOH sits below 30c for over 2 years. If Roseby goes cheap he will also get the blame.
The old grumpy Redskey was right, Malony ruined the Roseby asset by selling the skin before the bear was dead.
There is no two way about it.
AOH Price at posting:
29.0¢ Sentiment: None Disclosure: Held
