1. Yes, I wish they would liquidate too, and that would be one less headache!.
IF the Noble Boys went up for election on that promise... to liquidate all assets AND make a capital return... provided it was distributed equally and immediately I would likely VOTE for them.
That is where trust comes in. Would the funds be siphoned off in "consultancy fees", Director fees..... somehow diverted to interests associated with the Noble Boys? A big pot of $15m or so cash. Trust us, we are Noble. Yeah, right. I watch American Greed too.
2. Yes 0.011 cps. Not great.
Everyone's nerves are stretched to Breaking Point. Twang!!! there goes one now.
Someone just lost their nerve... turned yellow... and SOLD. As long as it does not start a stampede.
3. I also hold another company whose shares are hugely undervalued (aren't they all). But at least SXX has solid saleable assets.
4. My point is if you have a name like Packer, Murdoch or Ganke... your chances of waking up in the morning and finding yourself in a Board seat sipping coffee with the lads are greatly enhanced. Hence why I want to change my name.
SXX Price at posting:
1.1¢ Sentiment: LT Buy Disclosure: Held