Ann: POSCO Transaction Complete, page-205

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Ozyoioi

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25/02/19

23:21

Post #: 37564190
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Originally posted by Thesi: ↑

Don't misconstrue what I have to say as a personal vendetta, I am just perceiving it as a potential strategy for the company.

He seems ok, but then, who is affected when the company doesn't perform?

Anthony with his inability to be voted out, or Martin whose neck is on the line.

I am not saying he should be voted out, but I am pointing towards the fact that he was almost voted out last time with a gasp from the crowd.

You can draw from that what you want but I don't have a personal vendetta against him at all.

Though what I will say is that as the chairman he should rise up for all of the holders otherwise his tenure will undoubtedly end as a strike against the company.

I can point at the sign on the wall, you either read it or you don't.

What I am pointing out is how differently this has been managed by comparison to the Jiangsu transaction that at the time from what I understand they placed the company in one of the longest trading halts ever to hold the company together.

To dispute what I am saying here you would be seen to be saying that I would rather have a share price here than up around $3.20.

That would be illogical.

So yeah, I am questioning the company strategy.

Had they come out of the trading halt tomorrow with a plan to do a share buy back then that would have made a significant difference but they didn't, they had no plan.

But you're happy, that's good. (For you)

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I do agree, i would have liked to see some capital management, to my untrained eye, it seemed like a shrewd move and that maybe management have missed a trick.

But i don't have all the information. There may be more to follow?

we'll surely find out over the coming weeks and months.

GXY Price at posting: $2.20 Sentiment: Buy Disclosure: Held
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