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Ann: RNI Appoints Royce McAuslane as Managing Director, page-66

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Shady Merv

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21/11/14

15:06

Post #: 14331230
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Originally posted by Luminara ↑

Hi Shady,

Bit of delay in coming back; had to actually do some work. Anyway, the team at NCM wouldn't be drawn on comments on individuals but they did find it amusing that the new MD was talking up his involvement in their Namosi (Fiji) project in his experience. They commented that the project had more than a few problems on various technical, logistical and regulatory levels that should have been foreseen and was not a shining example of the NCMs ability.

I'm seeing nothing in the Company announcements or SP performance that changes my increasingly pessimistic view of RNI. It seems to be an old boys club (although I do have a lot of time for AT) and a comment made by a colleague seems worth sharing:

"......a group of coat-tailers rapidly proving that's all they are'.

Ouch!! Harsh? I'll let time & you (the market) be the judge.

Hope I'm wrong.

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Thank you Luminara.

What an interesting post!

Self-interest and deceit still seem to be de rigueur over there in the wild west, and here I am thinking it had all changed - silly me!

I have been duped. Lucky I am old enough to get a pension. I'll have to give up a few pleasurable things mind you!

AUR Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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