RMS 3.57% $2.03 ramelius resources limited

postpones capital return, page-3

  1. 151 Posts.
    It is important that the Board manages expectations rather than shoot from the hip like a Gillard (East Timor). It would have been a better option to get ATO tax ruling before announcing a capital return. This would have allowed the Board to consider alternatives in case of adverse ATO ruling. On this account, I think the Board as failed to manage shareholder expectations and have damaged their management credibility.

 
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