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cool $30 mil for coal mine!

Discussion in 'General Investing Discussion' started by crc_error, 24th Sep, 2008.

  1. crc_error

    crc_error The Rule of 72

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  2. AsxBroker

    AsxBroker Well-Known Member

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    Location:
    Sydney, NSW
    Hi CRC,

    The disturbing thing is:

    "He then sold it back to Macarthur Coal for $275 million, for a combination of cash and shares. "

    It reminds me of when Packer sold Channel 9 to Bond and then bought it back for a third of the price a couple of years later!!!

    Though this guy made a tidier profit!!!

    Cheers,

    Dan