i dont think you understand. He settled with the ATO, that doesnt do anything for shareholders. The reputational damage caused significant loss to shareholders. The question is should there be a remedy for shareholders? What is the quantam of those damages?
And that's just the ATO issue. What about all the other lack of discloures related directly to Min operations, which have already been admitted by CE?
It could very well be the penalties handed down by the board to CE are a sufficient remedy, but who really knows how the courts will view it. At the end of the day, shareholders have worn significant loss in all of this, and havent really recovered anything directly.
Its all pretty interesting.
MIN Price at posting:
$23.78 Sentiment: None Disclosure: Held
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