I once held Pasminco and was following it via the Rivkin Report at the time. Rene said after what eventuated he would never take directors statements on trust again. The SP got lower and lower due to debt, exchange rates and bad hedging arrangements with Zinc.
I thought there must be some value and held on, but the final act was when it slipped off the ASX. No chance then to get out.
Sure just like CNP - the shopping centres will still continue, as did the Zinc activities,but all to do with Pasminco went up to "money heaven" long ago.
So be wary that CNP assets will continue, but CNP may not.
- Forums
- ASX - By Stock
- CNP
- just like pasminco
just like pasminco
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CNP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online