fatrat: are you serious? did you read the report or even listen to AGMs CEO?
No indication of the value, no plans for how to improve shareholder value... the only point of interest i found was the number of times the CEO said "you know" out of context (I counted 17 from the time it registered that it was bugging me).
They refer to the company as "our baby". yeh, thats a great rational argument.
He claims strong support for rejection of offer (~25%). Aha, that wouldnt be roughly equal to the position of the management that will be out of a job would it?
He claims he knows the Chinese market from his experiences "a quarter century ago". Aha, because nothing has happened there since the 70s!
He says AGM is not for sale (unless you pay up more than its worth). Yet their biggest case for rejection is "we are in discussions with interested third parties...
sure you are, interested in what?
I dont know if this is a good move by ZFX or not, and i dont know the true value of AGM, but from what iv read nor do AGM. That by itself is cause for worry for AGM holders.
Just give me something! how can anyone make a decision when the company (AGM) cant say anything insightful?
ZFX
zinifex limited
now it the time to load up the truck, page-8
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