Ann: Update on sale of Ridley Dry Creek, page-7

Autosime

Tks for the info. I would think there is a possibility that RIC may revert to its normal SP.
Given that Dry Creek was the impetus behind the rise to its highs.
This was really a one of sale of property.
I still think this is a great Australian company and very well run by the board and the execs with an eye on the future but this Dry Creek problem is not doing RIC any favours.
It would not surprise me to see the SP drop below $1.20.
Will the FTA help or hinder RIC. It seems to spell the death knell for the Australian Steel industry given the amount of cheap substandard steel dropped on the Australian market.

It is a shame to see such a good Australian company getting its stock price hammered like this.
I am watching and waiting for the bottom, but I don't see it yet.