Agreed - the only decent thing he could do, though hard to fight the good fight from outside sometimes too.
Clearly the Company has no intent of sending any funds back to Australia for dividends - which should have been paid - or capital buyback - which on a PE of 1 or whatever the ridiculous ratio at the moment says it is, is sensible capital management.
The shares are where they are at as there is something awry within the company. Insiders have been selling it all the way down from the teens. An absolute disgrace and I hope the puppet chairman is happy sitting and earning his fees whilst watching his shareholders and reputation be torched.
XPD Price at posting:
4.4¢ Sentiment: None Disclosure: Held
