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clock Created with Sketch. 18/03/20
13:42
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Originally posted by Boges:
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Shaun Vernor is an idiot. Anyone in Year 12 high school studying Economics(and they don't get paid $800,000 per year like this Turkey) would know that if you flood the market with far too much excess supply, the price you get for it will drop significantly - and below your cost of production (i.e. the break-even price plus shipping costs).
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AustralianSuper & Mr. Verner have already an acquirer....they just need to ensure that they take this over at $0 future costs...that is why they proposed the Convertible debt....then once it is handed over to the Creditors (AustralianSuper) by the administrators...they will sell it for something like $400M +...probably to Mr. Verner's ex-employee, BHP.... where he will then handsomely rewarded/ be promoted....all orchestrated from the day he joined....
(20min delay)