Yeah always broke to the downside from trading channel - nice little regular premium divvy for very little risk as long as you weren't leveraged!!! ahhh money for jam for many many quarters
The board and management must have a bit of spare time coming up as so many things are locked and loaded. I am trying to be positive thinking they can use the skillset and access to capital to manage and become a controlling partner in some other areas at low risk. Just very hard to describe the project I would be happy with but the slow burn of PNG just doesn't get the markets excited and I would like OSH to be priced a lot better rather than the way it is. Proof they could select , add value , manage execute and succeed in picking up something as a predator and it has partners that can bring distressed isolated areas to fruition around the world. I want em to leverage skills but yeah if they don't get it right it gets messy.
At some point there will be a management transition as well so they have to have a few irons in the fire or just shear fear in the marketplace will overwhelm em for a period until the new teams prove they are up to it.
OSH Price at posting:
$7.26 Sentiment: None Disclosure: Held