Fortune Oil - Re: FTO Stream Log - 30% Down - My understanding...

30% Down - My understanding from the board is many people believe 3 things : 1) Net Asset Value is significantly above share price largely on account of value of CGH holding. 2) The market has good reason to be suspicious of the share, Majority of shares are in the hands of the concert party who have not made a formal takeover, the share have standard not premium listing, the market generally thinks Chinese assets may over valued and volatile. 3) The BOD are playing a long term game, the long term and tend to be secretive, but most people feel they are not dishonest,on the whole the consensus is the long term prospects are good. Tassie is right you either have faith and hang in , or if you don't trust the BOD you sell. I believe it will come right even if NAV never achieved but I am not betting the mortgage on it !!!