joewolf -below is a post from a few years ago - I have come to appreciate your input more since then, but glad to see you may be coming around -at last!!!
"I am sorry but i see you as a proxy for Milner - you and I had a debate about a year ago on hc - i was here before perpetual flagged pushing changes and i was here well before Carnegie!
I think I thought the same as them (basically) - trouble is, there are too many sycophants like you (and Millners rellies and buddies) on the share register for even Carnegie to be successful - what chance I?!!
If you are after a place to park a few $ then sol is ok! However, life goes on at a great pace and some of us have better things to do than invest in Millners plaything! They should get an award for sitting on all that cash (mostly in nhc) during and after the gfc and doing little with it- think of all the bargains they missed!! "
I would concur with you that they had the right idea to sell nhc at the right time but failed ! hubris does come to mind as with the stouch with perpetual!!
interestingly, i spoke to an investment banker about why they couldnt sell nhc - he said he took a couple buyers there but they couldnt see where they could add value as it was so well run!! also said there was a little concern about coal quality but i take the latter with a grain of salt!!
have bought bkw again since those frustrations of seveeral years ago and did buy some sol for another portfolio I run
SOL Price at posting:
$16.20 Sentiment: Hold Disclosure: Not Held
(20min delay)
