If kcn do receive a takeover offer it will be very hard for shareholders to stomach if Ross comes out and says it significantly undervalued the company, even if offer comes in dirt cheap at around $2.50 share. And I don’t have confidence that the company would try and negotiate this offer higher. For whatever reason company continually disappoints. (Refurb delays, finance delays, terrible jurisdiction)
Jamie should have been paid majority of renumeration in options vesting at around $4 share. He then might have aligned lotus hall to pull their finger out as well.
Cant believe it’s taken 12 mths to refurb the plant. Imagine how long they will take to do a simple mill reline.
Companies with less potential than us have managed to raise finance and built/refurbed a lot quicker than us.
I keep harping on about it but how hard is it. Get finance build plant. We will finish plant eventually but on reflection this process has taken far too long. At our cost but no cost to Jamie.
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