Disregarding my CommSec rant, this is a question of the integrity of Garry Mills, who until today was employed and paid by PGO to represent PGO..... not at home wHanking.
As the MD he should have been spending ALL of his efforts getting Coolgardie up and running as per the company’s plan and as per what he’d presented to shareholders for the past 2 years. Yet it is clear that he’d been feeding bullish!t to the shareholders for at least several months prior to this takeover offer...... and yes that makes me annoyed.
The independent valuation stated the offer from Hanking is not fair..... only that it is ‘reasonable’.
So if Garry was doing the job he is paid for by PGO how can he not also believe this? And in knowing this he should have told Hanking to stick their offer up their ringhole..... instead it’s clear he likes a finger up the date.... and he’s left the PGO shareholders to lick the brown clean....
