SDL 0.00% 0.6¢ sundance resources limited

AndresI certainly read the same article as you but without the...

  1. 37 Posts.
    Andres

    I certainly read the same article as you but without the same bias.

    The responsibility of the Board was to deliver the best possible return to shareholders, not to themselves. The Board has not maintained the best interests of shareholders in at least three respects

    1. It inflated expectations so that most shareholders believed that the asset was worth at least 60 cents.

    2. It referred to Plan B, it inferred another party doing due diligence, or another party in the data room, when there is no evidence that this was happening.

    3. It allowed continuous leaks to the media rather than proper disclosure through proper channels.

    Most retail shareholders understand that they have been screwed by Hanlong. And the Board apparently has been complicit.
 
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