ucl drop, page-11

Gravolta, I am not all that interested in what type of commodity play Mehdiabad is. I am interested in our company maximising its short term shareholder value, so if there is a good reason to give Mehdiabad away, e.g we are going to have the whole world begging us for phosphate and we happen to own Wonarah as well as Sandpiper, then that is fine. That is a good reason to get rid of Mehdiabad, after all Dr Reid, the previous MD, said the Mehdiabad Zinc Company Board was dysfunctional (no process and no independence: rubber stamping officials) and that ministerial appointments in Iran were doctrinaire. I am of course anxious our directors make an informed decision about any disposal of Mehdiabad, otherwise how can we know if they are maximising shareholder value? Mehdiabad is currently a political/legal play rather than a base metal play (although it might become the latter in time after Jordinson has disposed of it in the less than honest way he appears to be going about it i.e. through dilution, but then company name changes and share consolidations can be dishonest, so he perhaps he isn't running our company any differently from how he normally does?).