SHD 0.00% 2.7¢ sherwin iron limited

Agreed with your comments wadd, but I think recent events...

  1. 437 Posts.
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    Agreed with your comments wadd, but I think recent events (excluding the iron ore price issue) can all be positive.

    - The SPP and rights issue will hopefully bring more liquidity to the share
    - I like to think that in-house turbulence where a share price is down significantly is a good thing. Out with the old in with the new.
    - The board has been very quiet on a few issues such as the BIA and why they haven't disclosed it. I think they are hiding behind "confidential and incomplete" clauses, but they should have put it out to shareholders to decide. In February 2014 the SP was 12c, assuming a premium of say 30% - we would have received about 15-16c offer. Instead, the SP is now at 5.5...
 
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