Former T20 & Kool Aid drinker here. I had been keeping an eye on ADN in case of a suitable re-entry opportunity, but now cancelling that thought.
Those of us who listened and watched JM spruke the CC plant as a 'company maker in its own right' will be shaking their heads in disbelief at the outstanding management incompetence of the last few years.
- lack of BOA's
- DFS assumptions changed but no change to financials !
- overpaid for MEP takeover
- BFS ? where is it
- HPA a fizzer
- CC a right off & nothing from NN investment.
- have I missed anything ?
I'm amazed JM is still employed and can't help wondering if an enterprising lawyer will get a class action going at some point. Continuous disclosure questionable as a minimum !
Not having a go at existing shareholders, I feel your pain having already taken my medicine. Good luck to all !
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