Anybody that didn't know about logging, would think that they were getting a bargain at $3M.
Anybody that had any idea about logging, and the overheads of GAA Wireline at present, would be stupid to put money into it.
Reminds me of the old adage:
How to run a small business:
'Buy a successful one and run it into the ground.'
When UXA bought Geoscience Associates Australia, one person in charge and good staff to do the work. Now, top heavy management drawing ridiculous salaries, and any profits sucked dry by UXA.
Nuff said!
UXA Price at posting:
0.2¢ Sentiment: Sell Disclosure: Held