The shareholders pay directors and executives millions of dollars for sensible and smart decisions, with millions of dollars comes accountability and liability. We expect strategic business decisions at all times, not high stakes gambling putting millions of dollars into the hands of other companies and contractors at our expense.
Watch this 6 minutes of brilliance from a CFO earning well over a million dollars a year, the only question he gets correct is his name and title. Then read the SMH article associated with the WPG purchase that saw Arrium waste hundreds of millions of dollars while WPG shareholders got a 58% profit on their stockholding.
Arrium management effectively borrowed $600 million dollars then went down to the resources casino and threw everything on black at the roulette wheel, when it stopped spinning it was on red.
http://www.smh.com.au/business/mini...takeorpay-rail-contracts-20150215-13f36l.html
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2.8¢ |
Change
-0.001(3.45%) |
Mkt cap ! $13.96M |
Open | High | Low | Value | Volume |
2.9¢ | 2.9¢ | 2.8¢ | $12.98K | 458.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35392 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 280227 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35392 | 0.028 |
3 | 434000 | 0.027 |
3 | 547600 | 0.026 |
2 | 700000 | 0.025 |
3 | 294989 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 280227 | 2 |
0.030 | 592201 | 3 |
0.031 | 110000 | 1 |
0.032 | 36000 | 1 |
0.033 | 25000 | 1 |
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