InvestorsHub Logo
Followers 5
Posts 2099
Boards Moderated 0
Alias Born 01/04/2007

Re: SOUTHPEN post# 2930

Thursday, 10/17/2013 9:49:37 PM

Thursday, October 17, 2013 9:49:37 PM

Post# of 3745
I know I went rounds with someone on this before, but insiders own 2% of the shares (According to Yahoo), so I don't see anyone on the inside setting this up for sale. This is Hodgkinson's and Blakers retirement fund. They will draw pay on this one based on minimal production until they die.I have seen comments that management has said on numerous occasions that they do not care about the share price. That is because they don't own any shares. They care about income they can draw on the assets. Minimal production over the long haul.

I will hold on to what I have based on the outside chance that someone revalues the assets and the company gets some visibility, and the share price goes up despite management, but I don't see any signs indicating that management is setting this up for a sale.