This is Breakwater Resources 2.0. Goodman brings in Pirie, sp lanquishes, float gets out of control, Goodman makes gazzilions on the paper derivatives, retail long positions suffer, share rollback, company stripped and sold.

In case any of you aren't up to speed, part of Goodman got bought by Scotia after Ned got bailed out of the ABCP market in 2007 and then completely in 2010 and as a result Goodman now runs Scotia's funds

Initial

http://financialsector.blogspot.ca/2007/09/scotiabank-buys-dundee-bank-stake-in.html

Complete

http://www.theglobeandmail.com/globe-investor/scotiabanks-dundee-deal-marks-new-tack/article1315224/

This is still a Goodman play.

Well now we know why the sp is so low, we also know why Coulis wrote the puff piece and along with National put the hit on and now we are right aligned with LSG on the float and debt side.

No coincidence that Coulis used to work for Scotia Capital either.

Pirie needs to be gone to clear up the optics issue, operations needs to start ramping up production and Goodman needs to reverse the slide. He's the only one who can do it, fundamentals be damned.

The AGM could be hostile.