who said I invested expecting a payout? I have been in both for decades ever since Before North Limited or North Broken Hill was taken over by RIO.
North owned the 68.4% in ERA.
If RIO had been run even a tenth of the way RIO was run, RIO would be about $200 AUD by now and ERA would have Ranger 3 Deeps, Jabiluka and a whole raft of things regardless of the U3O8 price.
the way that Robe River was run and the way that Malcolm Broomhead conducted North and those assets pre RIO ownership would lead JSJ and the current Board for dead.
They would make the governance of RIO now look like Enron.
you do not appear to know a lot about the companies you invest in. Some have been around for centuries. some are mismanaged so much they may not last in their present form for a century of days let alone a century of years.
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