In my view we'll be out of cash by Q1/Q2 2012 anyway .... So I am going to give the new Indonesian management team until the release of the Q1 Activities Report in April 2012 .... to develop something and show me a return ....
In the meantime my voting at the AGM .. will be fully reflective of the dismal performance ... of the old Board ... who have done little else that I can see ... in past 6 years but line their own pockets .... with share holders investment capital .... admin v share holder return is outrageous ...
Mr. Poole if you have other more pressing projects .... Cascade/Mt. Penny ... that is fine ... but please walk away from this .... and let those that are committed .... have a chance to develop something here .... surely you cannot be proud of your efforts here over the last 6 years of your Directorship..? Why are you even standing for Director again.... to continue in the same vein as your previous terms..?
Quality coal is US$120+/tonne ..... demand across Asia far outstrips supply .... margins are thick .... ingredients are their for the right the right team to develop something .... lets hope we finally have the right team in place .... Though my doubts remain about our Board ...
ADD Price at posting:
2.0¢ Sentiment: None Disclosure: Held
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