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546 Posts.
326
05/06/19
16:19
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I have just listened to the conference call.
Rohan performance is very disappointing, to lay the blame for a $200 million drop in shareholder value on a contractor performance is deplorable.
The contractor should have been managed, a contractor is normally installed to reduce risk and in doing so they bring a level of expertise.
Whether the contractor performed or not it's a reflection on the poor management of them from DCN.
If they were that bad they should have been acted on earlier. Actually it reminds me of ACM always being blamed for anything that went wrong at Avoca.
I think the market does not buy this and now lacks trust in the Co and Management after the recent guidance failures.
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