railway deposit sold at the bottom, page-6

the issue here is not bhp and their bid.

the issue is umc and their acceptance of the bid.

if bhp had offered $1.50 CRM would either better it or just accept that they got trumped.
and that would be fair.
cant fault management for that, they took the better offer.

but to accept an offer at a discount??
that is just plain insane.

our fearless leaders say that its a "great result and it offers all of our shareholders an opportunity to deal away the significant development risks..."

can i suggest that most shareholders would rather work through those risks, with CRM and the like, with the view to becoming a producer.

how many holders had these in SMSF??
im guessing most had a 5yr+ timeline on these.

its incedible that management can recommend $1.30 today rather than striving for multiples of that in 5yrs...