IPT 3.45% 1.4¢ impact minerals limited

Ann: Suspension from Quotation, page-13

  1. 771 Posts.
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    Well, based on history, it appears that management have a degree of disdain for SHs - I can't remember the quote exactly, but there was an interview a few years back in which Mike essentially derided SHs as speculative gamblers or something to that effect. The comment was very insightful in terms of how they appear to view/treat SHs. I have no issues with management being driven by the ultimate goal of discovering the 'big one' but if you're going to do it via a publicly traded company, then you have to show some respect for the shareholders and the regulatory processes associated with it - it's not a uni lab ffs!

 
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