Actually the Board's job - like any Boards - is to maximise shareholder value.
Playing devils advocate and testing your position:
Should the Board turn down $100/share in order to fulfill a single minded focus to be a top 10 iron ore producer?
- Or would top 25 iron ore producer do? By what year exactly? - what if the capex bill hit $10B - What about if iron ore was back at its 2002 price of $20/t? - What if SDL was hit with a super-proft tax, or further free carry - Fully owned or as a JV partner?
Doesn't make much sense does it.
SDL Price at posting:
37.5¢ Sentiment: None Disclosure: Not Held