As a result of the GFC the market WILL NOT pay for potential.
Potential JV's, investors, have had their ears well and truly clipped.
Cash, and cash flow is paramount.
Disappointment at Johnstone and you'll pick CTP up for 3 cents, and provided you are prepared to hang on to them for a decade, and provided they don't run out of funds, lease expirations, etc then it may be one for your grandchildren to benefit from.
I'm extremely bearish when once I was bullish.
Long term potential is the last thing on financiers minds thanks to the GFC.
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