I absolutely agree as well. Last RISC report was Jan 2017 so it is clear they have delayed this year's one because of the takeover. Production has been occurring for 5 years+ and they now realise that the production curve is 30% lower than expected. No mention about this at the AGM and no indication in the investor presentations.
The problem is that Corrie has got 8-10million performance shares that will vest on the takeover and it gives the entire board a very easy way of dumping more than 45 million shares.
Technically the board are employed by us and should be working for us but I think many get the feeling that they are no longer on our side and can no longer be trusted.
A pity really.
SEH Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
