Maybe I'm the wrong person to give an opinion on ANL, having...

Maybe I'm the wrong person to give an opinion on ANL, having bought these shares once before at 80 cents and watched them go to 20 cents whilst they dealt with their debt problem.

I'm the guy who got bitten by the dog and doesn't want to walk past the same way.

Having said that, I can recall during the reconstruction that ANL were highly unikely to make a profit even after the debt was removed. Further, I had the feeling that Glencore were slowing everything down to let them increase their position cheaply.

Therefore, there are a lot of unknowns on the horizon for ANL.

Personally, I can't see a share price much more than $1.00 after the 15-1 consolidation so I think that they are a bit over the top at the moment.

TIme will tell.