The real tragedy for RES (non director shareholders) is that when Noble call in their debt and pick up all of RES for a song out of Voluntary administration, those SH will ask;
Why didnt mgt sell equity to raise funds (all or a portion thereof) to get the mine going a few years ago when thermal wasnt stuffed?
Hopefully the answer will be that mgt was indeed working for the interests of all SH's by following this crusade of 'non diluting debt capital'.
- Forums
- ASX - By Stock
- RES
- Oh the pain....!
Oh the pain....!, page-3
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)