L,
good analysis. AD is already sitting on a tidy sum thanks to all the alotments.
Also the MD (Joe) has been flogging some nickle assets, apparently he has been presenting to a few bigger guys in Sydney........if you remember there were couple of news reports in The Australian, bulletin (the dead one!! hope GAU doesn't got the same way)late last year. I think they are close to that deal.
Going to platnium, i think the assets are good but the mgmt has been really bad. there are number of other eg where similar assets the stock price has done well. The mgmt needs to be more aggressiv and visible.
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