get buying

VMG Followers,

Patersons have bravely released a research report on VMG ahead of re-listing.

The value attributable to the stock is 9.2c and they correctly highlight that upon the successeful sale of Cape Crushing the business will be unerpinned by +5c per share of cash backing.

It is vary rare to get the opportunity to invest in an Engineering Services company with the amount of anticipated work in LNG Construction (NWS and QLD) and Coal Expansions in this country and the opportunity to buy in at cash backing. The stock deserves to re-list north of 5c and closer to the Patersons valuation. Holders of placement stock are likely to retain stock to obtain their bonus options and hang in for next set of positive results which will be released in Feb 2012.

The Patersons report under-cooks the potential sale price of Cape Crushing in my opinion also.

Good luck to all.