roy hill 'amounts to suicide', page-3

Interesting article Mike. I personally have some questions for the FGE mgt:

1. When they organised a data room last week there was no ann, in particular ref to ANZ asking them to seek a white knight otherwise ANZ will walk out. This was critical as trader would have time to decide whether to hold or sell.

2. There appeared to be manipulation on Friday and Monday. There would have been a no of suiters incl ANZ who knew that FGE contracts, mgt incompetancies and potential more power stn losses. The SP was pumped up (like previous spikes) to facilitate sell down. Rumours then spread to say there would be a cornerstone investor or buy out.

Question comes back to point no 1. If this was disclosed majority would have exited FGE.

4th trading halt later this company has folded. Warning signs were there on the 2nd TH as I posted back then, that what was the guarantee that no further write downs will occur?

Pcyc