Towie
Thanks for your comments.
Does anyone have a pre-AGM view on the financial prospects of NLX (beyond "there is huge demand for water tanks")? Some are negative (see link below).
One deficency of the current process is that there are no forecasts in the document. Harmony / Stokes have got comfortable with underwriting (on what basis?).
For these reasons (as well as valuation) I have a view that NLXRA is by far the most attractive security (out of NLX, NLXR and NLXRA, baed on current prices).
Disclosure: I am long NLXRA and short NLX. DYOR.
http://www.theaustralian.news.com.au/story/0,20867,20726202-23634,00.html
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TowieThanks for your comments. Does anyone have a pre-AGM view...
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