option related?, page-22

current managment were right there with smith when he did the deal he said he was never going to do, their easy blame the previous or lihir managment doesnt wash with me,,,,vast majority of the board were there as well....

Its all a bit ridiculous, bit like the current governments arguement that it had to fire the other guy cause he was incompetant, irratic, poor at his job but to get the power they want they made him number two, gave him representation of our country as forieghn minister..

We they synergies are more than washed away now in simple terms as they have to put in another 200M..

At least Smith made a fortune along with Mr Garnaut...

Given the turnover I suspect there is more leveraged forced selling to come out, will be a bounce but I dont think it will be today..

Pressure also as 4300 failed to hold as momentum lost with the Ozzie fiasco of leadership challenges,,,,,might take a few more days, could even see a drop 4200-4250 on xjo..

very disappointed indeed

sentiment: caution