I think you have some valid points, however also good to consider the quality of management and their history and the fact they bought significant parcels on market at 1.2c.
I keep coming back to they wouldn't want to risk their credibility on a failed "small" project . There is obviously a larger plan at play here.
The timing couldn't be better for this project. I'm backing management to deliver.
"The World’s next REO producer.", page-26
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