G79 0.00% 2.7¢ goldoz limited

Ann: Notice of Meeting, page-52

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  1. 19,444 Posts.
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    @ardy amar I assume you don't know about my background.

    The reason why I know the sale to Fura is only worth $4 million is because I calculated what it is worth (actually it is worth slightly less than $4 million, but the true value depends on what discount rate you use).

    I knew CJ (the previous MD) well and even at one time considered him a friend. The problem is not my opinion about the board, but the market's opinion. For various reasons the market has decided that current board is untrustworthy and so MUS trades well below the intrinsic value of its assets. This is not good for the shareholders.

    I have sold out of MUS, but I would like to see the shareholders do well. I think that with major changes at the board level that they can. MUS doesn't have any major or institutional shareholders so if the shareholders want change they can have it.
 
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