Sydney6791,
Please give us the source for your statement!!!
I should be responsible for my hard-earned money, thats the reason I have spent a lot of time these weekend on researching the company.
Re BAU, Champ2003 posted:
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BAU has a market cap of 56.4 Million.
BAU has far less potential than ORD yet BAU's market cap is already far higher than ORD's.
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http://hotcopper.com.au/post_single.asp?fid=1&tid=1453693&msgid=8258470
Here is my post re BAU:
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BTW, E/V of BAU is very low as it has cash of $48m including reimbursement for JV. It's a good stock, but has a lot of stories. I am not promoting just wanna correct.
Disclosure: not holding any BAU
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http://hotcopper.com.au/post_single.asp?fid=1&tid=1453693&msgid=8258912
You stated:
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The upcoming IPO to collect $100m--200m clearly means ORD can retain less than 10% of the project interest.
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How come you deliberately missed $80m from IPO?
The official announcement is $180m - $200m.
If you really like to criticise, please give the fact.
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