Australia's largest stock trading and investment forum Australia's #1 stock forum

RES

Click for more information

0.00%

$4.61 resource generation limited

I'll vote for anything that delivers a minimum of 75 cents a...

First 5 Last

Share
Profile

Follow
Pinnell

300 Posts.

20

22/11/17

13:22

Post #: 29019905
Share

Originally posted by goggledog ↑

Got a bit emotional towards the end there. Almost felt sorry for the outgoing Chairman.

My question to the Board is why didn't they actively pursue alternative funding solutions from Day 1? Why wait until earlier this year to begin exploring alternative solutions when they were fully aware of the issues PJ was having with the illustrious 'Debt Club' before they even took over? All it really resulted in was 2 years of watered promises and a waste of shareholders money!!!

So now, we're back to square one really because what happens if the credit approved terms sheets from the new syndicate of lenders aren't acceptable (as they weren't in March 2013 when PJ rejected finance offers), and shareholders vote to decline the offer? Actually, I think most shareholders will pretty much vote in favour of any offer considering how bloody long this is taking.

Expand

I'll vote for anything that delivers a minimum of 75 cents a share return.

RES Price at posting: 7.5¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

There are more pages in this discussion • 23 more messages in this thread...

First 5 Last

Add RES (ASX) to my watchlist