RHG 0.00% 50.0¢ rhg limited

future, page-5

  1. 16 Posts.
    Yes indeed, I hope they do. This all reminds me of another dog I played with and got bitten by some time ago: Pasmico. Remember them? The biggest zinc/lead producer in the world? Base metal prices were killing them, they hedged against the $US dollar when it hit $0.48 and all they wanted was some breathing time to get their sh%t in order. No way, banks moved in, relaunched it as ZFX with my money and made a killing. Yep, when you're sick, you don't get medicine but a gun to the head.
    Don't forget, all of the profit forecasts and the eloquent analysis by commodore etal all depended on loan book growth. Who wants this thing now? If all they have is previous loans as an income stream, a loan book that might not be refinanced and if it does at what rate, no ablility to create new business not to meniton customers bailing out and refinancing elsewhere: it's long term profit is zero.
    What's it worth? Three quarters of f@#k all!
    Yep, I played and lost. Good luck to the rest of the holders, I think you'll need it.
 
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