Forum Archive Index - July 2001

["mrgoodall" <mrgoodall@xtra.co.nz>]

Tony  this  is  not  an answer to your  question  ,but  it   has  been  mentioned  many  times  on this  forum   a  shift  to  rubicon  even  at  this    stage  of  the  play

would  seem  a  wise move  (  their  are  people  on  this  forum  who  initially  put  a  lot  of  work  into  researching

the  worth  of  Rubicon  )  although   it  is  only  right of  me  to point out  that investment  decisions  must  obviously  be  your  own  responsability !!

two  points  you  should  note

1  rubicon  still has  imho  further upside  ( chairman  Luke  Moriarty  stated  that  the  company  will  in  the  next  month   (  that  was  a  week ago)  make  a  return  to shareholders   by  way  of  a  share  buyback  that can  only  be  positive.nta  approx  90 cent  -$1.00

current  price  74 cents.

 

2  rubicon  shareholders   still  have  a stake  in  ffs

and  the  (possible)   upside   re   sale  of   cnif.

 

so  to summarise  you  are  getting  (with  rubicon  ) ffs ++??

disc  (hold  rbc)

ps  look  over  old  posts (im  assuming   you  havent  forgive  me  if  im  wrong)    containing  rubicon

regards mike g

----- Original Message -----

From: tonysw

To: sharechat@sharechat.co.nz

Sent: Friday, July 06, 2001 9:18 PM

Subject: Re: [sharechat] ffs

I might of mist some posts, but can some enlighten me as to what est.  value is thought to be. My rough calc. for US$367m Chinese money would make them .31c!

So much for holding out for .60c!

Another fire sale?

Tonyw