Management/Directors tried to bluff Jindal with the Meijin offers and lost.
Jindal knew that the Meijin offer was nonsense, hence why in those conditions they were asking for stock and control of the coking assets at 42c. They were never going to pay above this price.
Serious questions now need to be raised about managements ability to continue to manage the company going forward. ASIC should also investigate the decline in the SP from early Jan onwards as to which insiders were selling.
Maximise shareholder value, yeah right! We have nothing now you muppets!
One very peeved off shareholder!
RCI Price at posting:
22.0¢ Sentiment: None Disclosure: Held
