Remembering the podcast of AGM, I got left with a sense of general disrespect for Aussie shareholders from BoD and Chair.
A 16% of free cash for last dividend was bold faced disrespect for Aussie shareholders with no clarification or communication of practical forward looking guidance .
Also this predominant Chinese board and Chair disregard that Savage River mine and infrastructure is an Australian Asset established with historic Australian ingenuity from which Aussies should share the spoils fairly and not be forced to witness war chest hording by this BoD.
I agree with Footmax, that the distribution policy should be revised from upto 25% to a clear and concisely worded 50% of free cash while current excessive free cash condition prevail , this also could be revised with communication of a plan, if circumstances turn south. IMO
Remembering the podcast of AGM, I got left with a sense of...
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