All Topics / The Treasure Chest / Mt. Isa property – good returns in units

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  • Profile photo of MarkSprengerMarkSprenger
    Member
    @marksprenger
    Join Date: 2002
    Post Count: 6
    July 4, 2003 - 3:14 pm

    Has anyone invested in Mt. Isa? Seems to be some positive cash flow units, but the takever of MIM by Xstrata seems worrying? What are your thoughts, anyone?

    Profile photo of RolfLathamRolfLatham
    Member
    @rolflatham
    Join Date: 2002
    Post Count: 7
    July 6, 2003 - 1:17 pm

    Hi Mark

    Worked there many years ago.

    Tends to be more of a one co town than say Kalgoorlie which is far more cosmo.

    Have aclient thats getting 18.6 % rental rtn in Kal.

    Ta

    rolf

    quote:

    Has anyone invested in Mt. Isa? Seems to be some positive cash flow units, but the takever of MIM by Xstrata seems worrying? What are your thoughts, anyone?

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