Deansy,
Good work. Im wrapped about the $72m hit, they are bloody lucky they got away with that. Chicken feed compared to the alternate scenario.
Still can't believe the the huge NTA. Even if you ditched all the assets at a 50% discount you still end up with a $1.25 per share.
I tell you something else, chinese walls are laughable. I'm betting the big licks of stock recently bought, sometimes very aggressively, are being bought by fund managers owned by Institutions which are looking to buy assets off Allco, or have a intimate knowledge of debt rationalisation within the company.
Wouldn't it be a hoot if Macquarie funds management turned up on the share registry.
Or CBA funds management, then theres St george which no doubt has a funds arm.
When I see the day to day fluctuations and start to lose my nerve, I have a look again at the 1 year and 2 year moving average overlays, and I cant help but see upside.
And the bozo ( cant remeber his name) new chairman founder of RAMS you know who I mean... well hes got the absolute insider and stumps up huge cash to be what now..9 or 10% of the company. And pays what $2.00 or around there for his shares. I mean hes stumping up whilst the boys going out the exec toilet door have taken a terminal bath.
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Deansy,Good work. Im wrapped about the $72m hit, they are bloody...
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