The wheels of justice can turn slowly Patmad.
Below is another illustration that was always a fan favourite of the downrampers, it used to send them into a state of apoplexy.
Of course 'the competitor' was IPL - THEY ARE NO LONGER PRODUCING IN AUSTRALIA DUE TO THEIR FEEDSTOCK COSTS AND INABILITY TO SECURE AFFORDABLE GAS. I was laughed at for suggesting Gibson Island would close it doors, it seemed rather obvious to me, but for others it took a little longer to sink in.
Then there's the thread below, NRZ holders were lambasted and ridiculed for asking when the resignations would begin at IPL. Well, they've now started, the question is have they ended? NRZ had secured 1 billion dollars in tier 1 finance for an 'acquisition', I don't believe this much was committed, but any offer above 500m USD was too much anyway, an analyst I speak to regularly believes they were only worth 300m USD to begin with..
If you want to know a bit of the history of the downramping, check out below..
https://hotcopper.com.au/threads/when-do-the-resignations-begin.5453067/?get_post=true
