No doubt THOSE are the less good blocks/land that actually are along the runway, not ON the beautiful beach.
If Chapmans loan to NBB has been written off, why would SXX not write off their loan too??
Impossible to calculate "value" of 12.4 Ha remaining...
Is it subdivided already? With all Developers high expenses paid. There are developers costs to be paid first. Subdivision, road, drainage, paths, power, sewerage.
So yes, for sure it is the less prime stuff.. that gives rare views of Airbus take-offs and landings... not the calm blue waters lapping (popular media term) at your door.
What a mess. !!!
And lets be honest..... really, really honest.
How much money would EVER find its way out of NBBC to SXX? even If ficticious sales were made. Not wishful thinking... not mights and maybe's..... no Father Christmas.
Answer is.. : None.
Which is all rather sad. For SXX shareholders. And values the Fiji land in truth at precisely... nothing.
SXX Price at posting:
1.4¢ Sentiment: LT Buy Disclosure: Not Held