@cowboy72 I reckon each of your 4 points are close to on the...

@cowboy72 I reckon each of your 4 points are close to on the money, no to be honest, they are probably spot on.

Your post shows you have been in GRR for quite a long time and its obvious you have seen a lot and learned much about the company, the ownership and it's management.

With regard to this comment...

"With Chinese controlled board and management GRR will never have comparable EV to other Australian companies as the institutional investors dont trust them and tend to steer clear."

Firstly I think you're right, but it also makes me think that when/if this Chinese group wants to acquire or develop assets (Southdown or the like) or businesses requiring considerable funding (Big bucks) their track record of management and treatment of shareholders will count against them, making it difficult to attract large joint venture partners and raise funds from institutional and Western investors.

@cowboy72 it would seem you've weighed up the pro's & con's of remaining a GRR shareholder, and based on your individual experience and financial expectations, you have definitely made the right decision IMO.

Your post today is the best GRR post I have read this year.

Side note: A repeat of this board's past performance of keeping dividends to a minimum or ceasing dividends would surely see the sp fall back to levels of the past 3-4 years. It would be no surprise if you got back in again @ 10c in the not too distant future.
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