Washington Soul Pattinson (ASX : SOL) are always reluctant...

Washington Soul Pattinson (ASX : SOL) are always reluctant sellers. For example it stuck through thick and thin as a major shareholder in TPG lead by founder David Teoh.

In the case of SOL selling Round Oak into Aeris I reckon they wanted the stockman project in the care of an actual copper producer. In my view it was no co-incidence when RO was sold for $232m and that is exactly the same valuation of RO in its previous annual accounts.

In that deal SOL received $80m upfront and took the rest in equity and that equity covered Tritton, Cracow and Mt Colin and a solution to develop the Stockman Project in far east Gippsland, Victoria.

I think it highly unlikely SOL would think about selling out of AIS before Stockman was up and running.

I think the SP increases over the last few days is in response to the quarterly production which is the first glimmer of hope in nearly two years and in juxtaposition to the continuous flow of management stuff ups over the the las5 few years that has ultimately pushed the SP down to 16.5 cents per share late last week.

Andre Labuschange is still not the right person to run the business.

Cheers…….Daicosisgod