Ann: Quarterly Activities and Cashflow Report , page-35

clacoste

Thank you very much for your post.

I agree Management need to function on a Lean structure and given time we will see results.

There could be other factors.
• Tax loss selling.
• Unfortunately under our fund manager structures investors can invest in “Sectors” currently Mum’s & Dad superannuants are converting to cash. Therefore fund managers have to sell ant any cost to retain the balance.
• Currently the Buy Sell ratio is very disappointing.
• Stock loss triggers must be forcing sales.
• Dramatic exchange rate movements.
• Sensational News Headlines create kneejerk reactions.
• “Go Away in May”
• Carbon Tax.
• We need credibility and boring consistency in Canberra.

I agree with your rating of management. But as Managers/Shareholders we need to keep them on there toes and I always worry with the "out of site out of mind concept". (Adelaide Sydney)

Dynamic Management would be reading theses posts.

Thanks,
DYOR.