Yeah, I am. Bought a few small parcels over the last few days so I can participate in the SPP (presumably at $2.50), which I will be looking to hold over time.
This is (probably) very undervalued. GPG are not passive investors but it will take time to achieve value. There is good leverage to the sugar price and MSF is likely to be a highly efficent producer. There is an interesting corporate angle with the potential acquisition of Mulgrave Central Mill and the shares in Sugar Terminals. Perhaps the ports themselves have alternative uses (non-sugar)?
Recent capital raising reasonably impressive in this market - they doubled the size of the co. Having said all this, the illiquidity is a negative and one needs to be patient.
MSF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
