Newspaper article, page-36

First 36 Last

Share
Profile

Follow
thunderdan

249 Posts.

2

24/10/16

18:16

Post #: 20083859
Share

Originally posted by topender ↑

Gday Thunderdan,

I would suggest that you have answered your own conundrum in the second part of your post.

There is no problem with denial about the head in the sand, fair enough; But if your head is out and above the sand? My question would be. "If you also have trouble with blind faith, then do you not owe it to yourself to do some digging about why blind faith in this B&M is futile?" They have had their time, they have failed to deliver on their undertakings to shareholders. Their denial that they are actually the cause of the poor performance and outcomes is very typical of the self indulgent complacency we are seeing in the Chairman's NOM letter, for example.

ONE THING we all need to consider is whether the future of EGO under the existing B&M is going to continue in decline as it has over the past two-three years? Me? I can't find sufficient evidence to convince me that the existing outfit has the skills OR the temperment to turn the company around. Yet the Chairman sees fit to dismiss the merits of the three nominees for the vacant board position.

I just wonder, looking at the current situation in the face of the question you and Wab seem to be posing. ie: Could a new outfit do any better? Good question and fair enough. But although we may not have the absolute clarity to explain in exactly which ways they would perform better? I believe there are ample grounds to convince most rational people that the new Board couldn't possibly do any worse than what we currently have. We don't need a race to the bottom? We are already there!

Time for CHANGE!

So there is no way I am up for another year on blind faith in the current B&M. If I thought they could do the job? I would support them, but I am realistic enough to believe change will bring some uncertainty for a while, but at least I will be able to be confident the shareholders are being appropriately represented in all decisions made.

Expand

Thanks for the response, well put and has me thinking. I guess its either blind faith in the mob have had a fair crack, or blind faith in a new mob I know nothing about. Tough choice without further info, would be great to know why KQ is so on the nose with existing B&M - as an outsider it seems like he is worth giving another crack.

EGO Price at posting: 33.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

ENV

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

MM8

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

VUL

Vulcan appoints investment bank and M&A veteran to board

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

MLS

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

MKG

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

AZY

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

There are more pages in this discussion • 1 more message in this thread...

First 36 Last

Add EGO (ASX) to my watchlist

Newspaper article, page-36

Top Stories

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Vulcan appoints investment bank and M&A veteran to board

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Utah authorities sign off on Anson's lithium extraction plans at Green River

Featured News