property review

It has been two months since the market update and we still don't have any tangible information on the property sales and write downs. According to the market update Watpac were meant to release details, "The Board expects to be in a position to announce the final results of the property strategic review prior to the end of the 2012 financial year." Personally, I like the concept of selling down the property inventory to release cash for investment in the mining division. Though the lack of information is making it hard to value the stock.