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: -------------------------------------------- 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. -------------------------------------------- http://hotcopper.com.au/post_single.asp?fid=1&tid=1453693&msgid=8258470
Here is my post re BAU: ------------------------------------------------ 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 ------------------------------------------------ http://hotcopper.com.au/post_single.asp?fid=1&tid=1453693&msgid=8258912
You stated: -------------------------------------------------- The upcoming IPO to collect $100m--200m clearly means ORD can retain less than 10% of the project interest. -------------------------------------------------- How come you deliberately missed $80m from IPO? The official announcement is $180m - $200m.
If you really like to criticise, please give the fact.
VAN Price at posting:
8.1¢ Sentiment: LT Buy Disclosure: Held