Pear, we wouldn't be having this discussion if the POO remained around $150 when STO was steered in a direction which we now see as high debt. At the time, it was the right thing to do, in hindsight it was disastrous.
Fortescue was also in a similar position
Pacific Brands too was in a similar position where bad decisions brought the company to it's knees, a turn around happened but unfortunately the company was sold too soon IMHO.
If STO is sold in the 5's, that will IMHO be the wrong thing to do. Maybe your 5 year old grandson should join the board if he's that clued up.
Will Santos ever recover?, page-106
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