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Originally Posted by Balance
A figure of $120m was mentioned from a discussion I had with the same investment banker who warned me that OHE was arrogant and unrealistic (refer #592). That was quite a few years ago now but he has been proven right so far!
A strategic partner with cash and market presence will be the ideal outcome for OHE.
Doubt institutions are going to pump more money into OHE unless it is a vulture fund - in which case they will wait for the sp to tank, pump in money and take control. Refer Diligent.
I bet Ian McRae is bloody furious about this latest debacle, his empire has gone from a very successful privately owned company, to a Billion dollar listing, to now staring insolvency in the face and probably losing more equity to unwanted 'partners'.
Today's share price is another terrific example of not buying a down trend, bad on bad. No bottom in sight.
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