All shareholders - forget those with conflict of interests, including management - shall unite to say NO to this plan. In fact, all these people shall be barred from any Exchange activities. They are indeed value destroyer and do not even care to manage the company. Not to mention preserving existing shareholders interest. AUD 200 millions for greenfield coal company in the current coal business environment? Are you out of your ****ing mind? Do you live in a different world, and do not even read morning newspaper at least once a month?. Who in his right mind can believe this kind of people who already destroyed the company's value all the way down from AUD 300 M to only AUD 3 M now? And yet, they are enjoying their monthly perks paid by the shareholders. The proposed acquisition of Sizeable (sic!!) Queensland coal assets is nothing but the apparent plan of this notorious guys to enrich themselves by destroying small shareholders. Do you believe that even Martino's son (one of UQR shareholders) named his company Minimum Risk Pty Ltd. Minimum Risk? Yeah, and Maximum Risk Ltd for us all. AUD 200 Millions? Do you know how many zeros does the million have?. Just read this article http://www.miningweekly.com/article/linc-sells-conventional-coal-assets-2015-02-16. The assets was bought from Linc Energy in a deal valued AUD 5 Millions only a couple months ago and now they are trying to rob us all by selling it for AUD 200 Millions ? Gosh, it's beyond my wild imagination that they bluntly tried to propose this bizarre scheme. Anyone ever visited their websites? Queensland Resources Pty Ltd and New Emerald Coal?. The exchange authority shall act to maintain the Exchange integrity. People only need to read article like this one http://www.bloomberg.com/news/artic...ne-sold-for-a-dollar-underscores-ruin-of-coal to understand how bizarre this guys plan is.
- Forums
- ASX - By Stock
- PZC
- Ann: Proposed Aquisition of Sizeable QLD Coal Assets
Ann: Proposed Aquisition of Sizeable QLD Coal Assets, page-4
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PZC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online