MEO meo australia limited

not often., page-4

  1. 1,869 Posts.
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    Emma-
    I agree with what you have said about JH and the handling of the "regrettable" Gurame decision to sole fund that drill and the subsequent losses to all shareholders.
    I have been bleating on about the same thing as you have, but I guess management, rightly or wrongly, have "dealt" with it in their own way and have decided no action was needed in that regard. They obviously believe the actions put in place after that poor decision was enough and keeping JH on board outweighed any tougher action.
    They would be wise however to not offer any further performance rights incentives until positive results are proven and the share price recovers to acceptable levels.

    Failing that, the only other recourse shareholders have is to wait until the next AGM and voice our collective disapproval and deal with it that way.

    http://www.asx.com.au/asxpdf/20120723/pdf/427jt2lcdpb3wj.pdf

 
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