what thepapers say, page-7

I thought Stephen was a decent columnist but that article smacks of total ignorance of the facts.

The reality is that Andrew Michelmore and his board deserve plaudits they’ll probably not get for salvaging something of value for their shareholders.

No Stephen, the real reality is that AM presided over a decimation of value. How hard would it have been for AM to set up some hedges to ensure that debt repayments could be met? Why only seriously explore the singular option of selling out to MM? The only time AM actually gave serious thoughts to alternative options was when the government forced his hand by vetoing the sale of PH.

Even now with the improvement of commodities, why isn't AM or the board entertaining alternatives? The only positive is that with the sale at least we'll get rid of most of these idiots!