fjp73, riddler13 Sep 2009 20:30
Thanks for your thoughts, as always interesting reading.
For some reason this investment ‘feels’ right. I have purchased here in 3 lots since first stumbling across DWY while carrying out research into an institutional investor. I am sitting on an average of 5.95, as I feel now my plan is to take out my stake on 100% (11.9), leaving half my holding in for free (subject to change!).
As mentioned below the coal projects are a misfit in the portfolio and the impairment reflected this. As investors the annual report is the main document we look forward to every year, there were certain elements in the report that make me feel that Dwyka could well be sitting on a resource valuation that dwarfs the NPV of the company. Plenty of food for thought.
ATB, speak in the week.
MB11 (off to prepare for my lessons now, or I will have students complaining in the morning!)