An article in today's Financial Review titled " Investor push for board revamp". and "Investor push for board spill"
It seems some of St Barbara's large shareholders are not happy with the Chairman Tim Netscher and the majority of the board going back to the Atlantic acquisition and lack of due diligence. They want Netscher, Gleeson and Moroney out as they have no confidence in them handling M&A negotiations. They have also stated that a merger with Genesis does not make sense. The shareholders want the board to make a public statement to that effect.
About time some of our big shareholders spoke up. Good to see. We need a new board that have energy and have shareholders and other stakeholders best interest as their priority. This crowd had their chance and blew it.
SBM Price at posting:
96.3¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)