RE: RE: Inventory value decrease Thanks Shawshank, you post are always appreciated.
As with any purchase i make in the market, it is based on the potential for future profits. DSM is truely in a unique position especially moving forward. In saying this, my personal interest is in the closing of the gap and not just an ever increasing value of the inventory. It is in my belief that they owe the shareholders, short term or long term, some explanation as to why they have not liquidated even 25% of the inventory to add cash. This would have given a shot to the SP as well as provide a buffer to the price collapse in inventory value. At the end of the day, i truely believe most shareholders have purchased to take advantage of the spread in FD NAV and current SP. The trading of the HREE's should provide some decent gains but i am not concerned as i will be gone once the gap closes. In hindsight, i should have sold last summer but waited for the promised liquidationof a portiion of the inventory, done in Stockholm i believe.
On another note, you may be suprised at the amount of shares posters hold and i suspect that if offered a liquidation today, most shareholders would agree. Just my thoughts and looking forward to a sale soon.
GLTA
Saltchuk