It seems that plenty have cash to splash on get rich quick schemes if you have a look on the POP threads. It really is going off like a dot.com bubble stock.
BFC pulled their money out of the B-d Paris Creek venture earlier this year. Now POP have paid $34 million to buy 100% of B-d Paris Creek, a company with a net asset value of $6.5 million.
Roger Sexton made a veiled reference to that deal in his speech yesterday. He mentioned how good the $4 million purchase of the Murray Bridge plant was when compared to the ridiculous prices that are being paid for dairy assets at the moment.
BFC Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held