GWR 3.66% 8.5¢ gwr group limited

I'm curious as to how PMM is supposedly stripping the company...

  1. uio
    293 Posts.
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    I'm curious as to how PMM is supposedly stripping the company from under us. Is it by:

    1) Remunerating directors at ridiculous rates and constantly giving themselves lots of options and shares;

    2) Making deals with mates at the detriment of GWR e.g. making a $800k deposit on a tiny tenement that NOBODY else could possibly want;

    3) Delaying the development of the project in order to facilitate a hostile takeover; and/or

    4) Achieving what could be the worst share price performance for an iron ore junior with a JORC compliant high grade resource over the past 12 months.

    Oh wait a minute.. That's already happening. PMM has a far better reputation to protect than the incumbent directors. I am fully confident that they will do a better job and create more value than the current bunch of clowns. I like the letter that FAS released, use that as a reverse recommendation and vote YES for resolutions 1 to 4 and NO to 5 to 12!

    Cheers
    UIO
 
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