If you don't do the job ,you don't get paid.
Pretty simple really. Don't you think????
The fee involved was absolutely outrageous.
Pretty typical of "Management" that will NOT back the company with their own share holding.
But very keen to splash shareholder funds around with no regard for shareholder wealth.
Even to the point of collaborating with a lesser entity (MOG) entertaining a takeover for an absolutely ridiculous price.
Unfortunately MEO does not have a major holder with clout. No holder with 5% or more.
A real reflection on the ability of "Management".
Hopefully we get a new chairman soon, seeing the current chairman was ready to abandon MEO if the merger came off.
It is all up to the new CEO Peter Stickland.
As others have said , I would like to see the company put into "care and maintenance", run with the minimum of staff so as to maintain ASX listing.
Running on absolute minimum costs, no compromise, minimum costs, UNTIL we are offered a real deal.
NOT the likes we have been offered.
Get on with marketing the Tassie Shoal projects.
Get on with farm outs.
Get rid of baggage leases.
And baggage staff.
Understand shareholders DO NOT want the company sold, they want it to run.
Get on and run it. Clear the siege mentality. Show some ability.
IFINO
MEO Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
