Feel we still need some guidence before this vessel goes too far. I'm finding it a hard one to value and I've followed it for years. Guidence should attract new buyers.
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Just as a reminder, this is wjhat we are banking on
To repeat Luke’searlier comment, were Rubicon to be trading at book value (i.e. reflective of the carryingvalue of ArborGen), then our share price would be circa NZ40 cents per share. If we candeliver on the upside scenarios discussed in our Annual Review, then the outcome would bemultiples of that again. And in that respect, the critical point is that, now that we own 100%of ArborGen, the outcome is all directly within our control."
I assume based on what he said that 26c would be considered to be a bargain,provided things go right.
Finished at $0.27 yesterday. So Im happy with an 8% overall gain so far. Story is still a potentially good one. Next update will be telling. Apart from the risk that this is still a bit of a Penny Dreadful, there is also the very low liquidity. I'm going to find it hard to exit my position if things don't go as I hope.