Hi guys,Congrats to holders on some pretty positive moves over...

Hi guys,

Congrats to holders on some pretty positive moves over the last few weeks, here is my two bobs worth as a fellow holder post the AGM. DYOR of course, as I am just a mug punter.

- The management will be more than aware of their fiduciary duties to shareholders, particularly the chairman Brett Heading being a highly regarded corporate lawyer. I really cannot see there being any further impropriety on the directors behalf as the Brisbane media have a bulls-eye on TCQ. It would literally only take a phone call to a journalist and the headlines would flare up again as some of the dodgy stuff that went on was big news in Brisbane only not that long ago. I think this constant shadowing is a great thing.

- I consider the receivership risk to be minimal now following the de-leveraging, NAB are obviously onside and the LVR is a comfortable 60%. I am happy to load up again at current prices. Though I can see pressure on the register for a wind up appearing very quickly if management can't soon stem the circa 65% discount to NTA.

- I think a few things make this one interesting from a corporate activity POV - we have a rumored overseas placement, big holdings from the current management team (Chris Morton and Steve Leigh) and now another local property identity has shown up on the register.

- A share price of 9 cents whilst the NTA is looking at around 25 cents is a huge margin of error, and again I really believe we will see move for a management buyout. possibly in tandem with a third party.

- Watch for Trinity selling the remaining half of their funds management arm.

Good luck to holders, I am accumulating with a view to seeing the share price settle in the mid teens, though who bloody knows with these micro caps!