"Most likely a big placement to an institutional investor/s so they can grab a big swag of land and get on the radar as a seriously sized rural property trust."
My mail from a very reliable financial advisor is along the same lines yellowcake. Jumped into this months ago before the consolidation on that similar advise. Was a bit peeved at the time of the consolidation but I think we are about to see a major re-rating here shortly. Look at all the quality properties they have been buying up lately. This is about to become a very serious player in the property trust market.
ARJ Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held