Just got a letter dated 26/04/2017 from "good ole'" PanAust (it says it is being sent to all HIG shareholders) which encloses a letter from Board Chair Candidate Andrew Daley advising of his intentions should he and other two nominees be elected.
It is pretty much NewBoardChair101 (not a criticism as such from me as he says rightly he can only work from public domain info at this stage).
But it says basically, review financial position, review commitments, review commercials of each project, review JVs, assess prospectively of exploration assets with view to part disposal, review management and structure - all to secure immediate future and minimise admin costs.
Then examine future alternatives.
Also communicate more.
I know that I can't expect more at this stage, but I am feeling underwhelmed - this seems more a letter of comfort for uncertain and possibly disgruntled shareholders, rather than a convincing case for the future.
Keen to hear comments of others when you get your letters.
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