demerger - more than a gleam in the eye, page-41

Iam bored sh-tless with this stock and have now sold half my holding. Rbs advisers in US for 12 months can't flog efs for a non exorbitant sum. chair is exSantos person who has never done a deal before. Wandoo arrangement still pongs. And if u picked up Cliffs tone/tact the way I did Cliff tolerates some Wandoo connections/obligations rather than loves them. I still hold half because of undervaluation at this level.

My earlier hypothetical is not drawn out of thin air.

Rbs is as frustrated with this lot as I am.