SFG 16.7% 0.3¢ seafarms group limited

Was this sarcasm haha? I did not see any SP movement :p Just...

  1. 46 Posts.
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    Was this sarcasm haha? I did not see any SP movement

    Just read this article though, I must say it calms the nerves a bit.
    http://www.northqueenslandregister.com.au/story/5117474/nt-opportunity-legune-station/?cs=4737

    Looks like Seafarms Group may have more control of the Legune station sale than first thought. Article states that SFG are "offering for sale the novation of the option to purchase the 285,270 hectare (704,918 acre) station".

    This says to me that Seafarms group\Owner are working together to find a buyer, that will buy the station only on the condition that they allow a long term lease for Seafarms Group. The holding negotiated in 2015 by SFG should be attractive to buyers, as the rumoured $60M holding would be about $10M less than the current real value. They also get a valuable long-term tenant.

    Seafarms also saves themselves $60M capex to invest into Phase 1. Doesn't seem like the dumbest move to me? Anyone else have thoughts?
 
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