ego versus money power, page-5

Does this look like a compromise? Not to me.

Extract from Reuters


Intrepid Chairman Ian McMaster said talks with Soeryadjaya and his associates have been rebuffed in the six weeks since shareholders rejected an attempt by a private equity fund, seen to be aligned with the Indonesian, to spill Intrepid's board.

Since the vote in June, the company's representatives in Jakarta have met twice with Soeryadjaya and Intrepid's financial adviser has met with the other major investor in Tujuh Bukit, Gavin Caudle of Provident Capital.

"Despite these attempts to seek constructive engagement, Mr Soeryadjaya and his associates have not shown any real interest in reaching a commercial settlement," McMaster said.

"That being the case, we remain committed to using every legal remedy available to us to restore value for Intrepid shareholders."