commonsense opinion 6/9 #What possible difference would rearranging the board do etc etc
read recent comments from head of CRN (Coronado Global) about operations in Australia. You can Segway into BCB - the ridiculous QLD Govt royalties killing them and indeed a smaller marginal operator like BCB. CRN’s saving grace in their own words is their developing business in United States.
Change the government and you will see a royalty level much far more conducive to fairness and therefore actual enterprise INCENTIVE to operators in this industry in QLD. Just a poor Labor approach to killing their golden goose ripping out the cream, snouts in other peoples trough etc, with scant regard to a future facing industry that feeds the inefficient largesse of a poor anti-business government.
just my opinion - but a change in government & reversion to a practical royalty scheme may far outweigh Board movements. Not discounting that change in stewardship could be helpful. Just believe the royalty issue is a SIGNIFICANT FACTOR in restoring value.
Blaming management over blaming a rubbish government seems a distortion after reading CRN’s insights.
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