APG 0.00% 0.2¢ austpac resources nl

EasyFirst of all industry experience is not essential in...

  1. 79 Posts.
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    Easy

    First of all industry experience is not essential in governing and providing direction to a company. The board doesn't run the company, the CEO and management team do.

    There are a number of shareholders who are interested in providing this governance but have been thwarted by underhanded tactics of the present board. I understand asic and the asx are looking into these questionable activities.

    Secondly, Chinese investor took a sizeable equity stake in the company recently. I'm sure under new management and governance additional funding could be secured to assist in helping the company work its way out of this mess.

    And finally, chin up mate. I know it's grim but with a positive attitude who knows what can be achieved.

    All IMO
 
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