TBR 2.43% $4.81 tribune resources limited

Esh, Thanks for the detailed reply! I appreciate the time. :) A...

  1. 323 Posts.
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    Esh,

    Thanks for the detailed reply! I appreciate the time.

    A few thoughts: in no way do I think that my conspiracy theory is something that could possibly happen in real life, and as a new holder (compared to the sub-$1 sp days) I wasn't aware these thoughts had been threshed out before. My point is simply that the cross-holdings and general corporate direction of the company seem irregular compared to your average quarter-billion dollar ASX company; and so to me the answer to "what's the catch" is liquidity + weirdness, not just liquidity.

    I think the complete lack of promotion of the incredible position the company is in is weird. I think the obtuse annual reports with nuggets of information gold (no pun intended) buried deep within them that you and worzel have to go searching for are weird. I think the option on the iron ore asset is weird. I think holding the AGMs in Kalgoorlie when the registered office and principal place of business is in South Perth is weird. I think the crossholdings are very weird.

    For all of the reasons you've stated and more, the conspiracy theory is just that - tinfoil hat suppositions that are unlikely to occur. This is real life, not House of Cards. However given it seems I didn't make that clear enough in my original posting, I'm gonna self-report it and have the HC mods remove it so noone mistakenly thinks it's anything but baseless theorizing. But again, to me the answer to "what's the catch" is liquidity + weirdness, not just liquidity; therefore given my risk profile I'll be cashing out half my position once my 12mo CGT window closes "just in case". I sincerely hope ten years from now I'll be kicking myself when the company is trading at $50/share.
 
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Last
$4.81
Change
-0.120(2.43%)
Mkt cap ! $230.8M
Open High Low Value Volume
$4.93 $4.93 $4.81 $72.64K 14.86K

Buyers (Bids)

No. Vol. Price($)
1 247 $4.76
 

Sellers (Offers)

Price($) Vol. No.
$4.88 2986 1
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Last trade - 13.25pm 25/11/2024 (20 minute delay) ?
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