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11:09
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Please don't contempt the shareholders' intelligence. Who does not already know what you said? The point here many want to make is that SBM board have not made any effort to protect the shareholders' interest before it's too late. On the contrary they just cornered the shareholders purposely to sell the assets to GMD.
Originally posted by IceyDoctor:
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I am a (very) long-term holder of SBM and my costs are under 10c with half my original stake sold at nearly $4. Leonora was the reason for my interest and the prospect they could turn around some of their other early acquisitions. I usually see little reason to argue here over the years because most posters have already made up their minds. But there seem some obvious facts here that no one is talking about.
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Agree with you mostly, except the board's concern on their careers. Those are mostly old bones, likely they don't care about future career. As long as they can get several hundred million $ for their disposal, it's good for the rest of their life.
(20min delay)