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PDR, PORT DOUGLAS REEF RESORTS LIMITED
wolverine
post Posted: Dec 15 2005, 10:01 PM
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actually the 'real' last payment just landed.

a shell and only a few $$$'s left.



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TOO MANY CHIEFS

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wolverine
post Posted: Nov 2 2005, 08:59 PM
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looks like they are more likely than not going to return all but $100k with shareholder permission at the AGM. if there is nothing to back into the structure (which i would find hard to believe) then it is wind up time.



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TOO MANY CHIEFS

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wolverine
post Posted: Oct 12 2005, 10:11 PM
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last payment received today.

they have an asx listed structure and $2.5m in cash.

time to back something into it??



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TOO MANY CHIEFS

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wolverine
post Posted: Jun 16 2005, 12:13 PM
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In reply to: wolverine on Saturday 11/06/05 07:57pm

cheques sent 14/6

at present they have nothing on the table for the next action as they are pending the settlement of the golf course. presumably this occurs end of month.



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TOO MANY CHIEFS

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wolverine
post Posted: Jun 11 2005, 07:57 PM
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return of capital on tuesday 10c/share but i hear via the grapevine that a further capital return of 3c/share is possible in the near term presumably leaving them with a clean shell or they are winding it all up??

i think they will leave a clean listed shell which should be suitable for someone to back a business into, fingers crossed another 3c lands soon. that gets me square and a bit plus the possibly of a leg into something new.



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TOO MANY CHIEFS

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wolverine
post Posted: Apr 1 2005, 01:37 PM
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if i read it correctly they should have at least 14cps in cash after all transactions. after the 10c capital return it should leave 4c to play with.

they are suggesting selling the empty shell after pulling out the cash so more or less being averaged under 13c leaves room for about 20-30% (i suppose) when they wind it up, allowing that there will be some costs incurred to do this.

happy to be avged under 12.5c at this point.



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TOO MANY CHIEFS

NOT ENOUGH INDIANS
 


Jay
post Posted: Apr 1 2005, 09:25 AM
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check yesterdays announcement wolv. they will still have 4cps in cash/assets after the sale of radisson and a have put option which they will exercise on their golf course for $6m in July. After this they should have $14-$15m in cash to give to shareholders. this is after the 10c they will give back in May. ie, buy at 13c today and get 16.2c back later. pretty good deal imo. by the wording of the announcement, it sounds like they are planning to wind the company after the sale of the golf course and distribute all funds to holders.

have a read and let me know what you think pls.



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I hold EXS, CRC, JRL, BLK, ANZ, NAB, WBC, ERA, TAP, RXM and written XJO Puts
 
wolverine
post Posted: Mar 30 2005, 09:08 PM
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finished buying today.

should be a safe haven for a few weeks.



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wolverine
post Posted: Mar 15 2005, 02:03 PM
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i'm in



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Sam43
post Posted: Mar 15 2005, 01:14 PM
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In reply to: Jay on Tuesday 15/03/05 02:08pm

Good logic - you've delved deeper than I.
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Sam43
 
 


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