Pasminco used to dig out zinc and it used to cost them shit loads of dosh to do it...
At that time price of zinc was crappy... Secondly u have unexperienced directors who had no idea about hedging and whatever else caused the failure of pasminco...
I tell u what if zinc prices go down again... See the merger between oxr and zinifex.... A major failure will occur again... The same with what happened with biodiesel... Company prices were soaring at 1.5 -2 and they said it will another PDN... Look at the prices now. They are 1/10 of they used to be..
Here u have properties.. This is what banks rely on to finance.. U have major income coming in a weekly basis.. Loan are being repaid and by the caf and cawf will be sold completely before 30th of April as mentioned in the meeting...
WHy give an example of Pasminco and not one of Aristocrat.. People ure days are numbered of downramping this stock.. The dosh is going to be coming and I still believe waiting is a virtue..
There is light at the end of the tunnel.. We will see it sooner than expected...
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
