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clock Created with Sketch. 02/03/17
14:49
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Originally posted by Jimmy_C
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For shareholders to win big from current levels - and you'd want to win big (at least double your money or better over the next three years) given the risks involved here - three things have to happen: 1) an eventual recovery in profitability, 2) no dilutive equity raise, and 3) no more asset fire sales (and Dampier has to be one of the most mindbogglingly cheap asset sales i've seen in a long time - it was sold for <1x 2014 EBITDA!). Given that i see a low probability of all those three things transpiring, it seems like you need to get lucky to make good money from here, even from a ~$0.20 share price.
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The shareholders winning big are shorters. They will continue to win big as share drifts down to ten cents. Its not rocket science this company will be broken up and sold off in a receivers sale.
