It’s evident that PB has lost the support of the majority of retail shareholders, particularly now there is a very credible alternate management team.
He’s made a few moves - letters of support, new UK director, lithium, Biddle etc - but each of them have been tainted and seen by shareholders for what they are - pretty cynical attempts to hang on. Presumably much of his time recently has been consumed with hanging on rather than running the company.
What he has not done is answer any of the legitimate and reasonable questions posed to him. Nor has he given timeframes for Water, CMC, Clough costing, EIS etc - surely he would do this if there was good news to be shared as part of his efforts to hang on?
Regardless of everything else, I think it will come down to whether PB has shored up enough institutional support to stay.
Being a business CEO and a footy coach have similarities. Coaches get paid well but it's brutal - they have to get results or are out. Doesn't matter if they had player injuries, bad luck, substandard playing group. After a period of not acheiving they are gone, whether it's their fault or not. IMO, PB has reached that point and it's time for someone else to have a go.
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