illogical post
this is a very old company where as the current management is relatively very new
in its short time, the current management have not only ejected to old management but sold the very old Fijian asset for $6M
their recent financial performance is actually exceptional
they now have $4M in assets plus retain 49% of the development proceeds of the property they just sold (yet SXX hold no liabilities in relation to the new development)
i would say the assets of SXX are currently worth at least $7M
dd, as I read it SXX now own 50% of a property development company - Wailoaloa who now I assume would like to develop the SXX land and sell the end result, how long will this take and at what margin taking into account the B S that has come out of Fiji re ownership of resorts when the military took over several years ago.
What next as SXX said they said that they were looking into resourced based opportunities and as several posters here point out the acreage that they have recently acquired ( on the DTR thread ) has been picked over by ( Alcoa and SFR ) other ex companies , I know there is new management here now with skin in this company but trying to joint the dots is not easy, lets hope that they don't blow their cash pile on dud opportunities cheers.
