commodities boom?, page-70

I think you have got me wrong Rob and I enjoy your comments.

I am not pessimistic I am just p__sed off with the CEO's extremely self interested antics.

I know he bought shares at 18c.

He probably went to the Board (his mates) a few months later, and said in between many a Swan or a lot worse (Tooheys), that he wasn't happy in that he had to buy these shares at that price.

By the way was he required to?

The Board as a sweetener said "why not stuff those shareholders", who PJ believes are stupid and a nuisance, and give yourselves a lot of free shares to make sure you don't lose any money. After all it is a no lose game to them.

The Board said "We will change the rules."

They have to do it before any results come out and that was the reason for the rush to the EGM. You can hardly put your hand up for a bonus to cover your loses a month before a PFS or FS or BFS comes out.

The shareholders are stuffed. They don't want to change jockeys in the middle of the race, or ask difficult questions, and the board knows that. Imagine if you bought in a new CEO now.

His motto seems to be "All the way with PJ"

Who owns this property(RES)? The owners (shareholders) or the extremely well paid staff.

I will be cringing tomorrow as I have had an excess of beers.

Cheers Bung