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25.0¢ sino gas & energy holdings limited

There has been lots of post but that about sums it up - at the...

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mad hare

2,223 Posts.

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14/07/18

20:18

Post #: 34348182
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Originally posted by MixedBag ↑

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.

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There has been lots of post but that about sums it up - at the end of the day the SHG have been taken for a ride and the release of information has been way below any acceptable standards and RISC who I have in the past fully supported have proven no better than other independent experts

SEH Price at posting: 22.5¢ Sentiment: None Disclosure: Held
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