HG I don’t think getting rid of management would be a step backwards it would be the end of the INDIAN deal and most likely the end of ECT unless something happens in Vic very soon. It’s just a ridiculous notion by ST to even consider getting rid of Moore, Blackburn and Fozzard at this point of negotiations. That would in effect end the Indian deal instantly.
In the unlikely event the Indian deal doesn’t come off then I guess management changes would certainly come under consideration. But to consider it now is just a ludicrous suggestion and shows a complete lack of business nous.
I believe we’re not far away from finalising the MPA which will stop the current management attack by some posters. But I’m sure they’ll then find something else to moan about, like when are we going to get our first dividend haha. That’s if they hold shares!
All IMO
Financial Closure, page-32
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