I feel a lot of long term shareholder are very much over the gravy train that CR has been on.
If you look at the outgoing for salary for himself that is about $1 million a year.
If you compared it to the MC of the company it is over 2%.
Comparing it to the Aus Government which spends 2% of its GDP on Defence would you be happy as a tax payer if the defence force was delivering like CR is. Just using defence as an example to illustrate the frustration around the amount of money being spend on a company that has delivered so little but taken so much.
For Stelco not even to be mentioned in the latest update just shows you how poorly the company is being run. No update, not even the name mentioned. All those companies that were supposedly on the book, where have they gone????
Just my thoughts mate. I really believe this type of company has a future but the cash bleed really has to stop and deliverable need to start to being achieved.
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