Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Re: Doubting Donzo still squirming
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Aug 20, 2008 09:44AM
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Aug 21, 2008 07:52AM

Hi Donzo

I'm just wondering where is the incentive for Mr G to sell out cheap or take the company private. He would be loading all the risk and financial burden onto himself and his family. Besides he and his family are lstill very arge shareholders, so they already own a sufficiently large stake. I believe in his past he sold out early on a project and lived to regret it. I don't suppose he is about to repeat that. Besides look at the volumes - nobody is trading at these prices, ie nobody is building any positions. Rather, the large shareholders seem pretty sanguine and content to let this weakness play out, happy in the knowledge that there will be a hugely profitable company in the near future or an offer will emerge that is simply too good to refuse.

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