FGE forge group limited

http://au.news.yahoo.com/thewest/business/a/-/national/19838679/f...

  1. 227 Posts.
    http://au.news.yahoo.com/thewest/business/a/-/national/19838679/forge-may-accept-big-discount/

    Does anyone know what the raising price mooted in this article actually is?

    Looks like this: 62�.

    Other items of note:
    - $125M write down of the two projects in question.
    - Use of the work "debacle". How fitting!

    It's not quite 'schadenfreude' when your own money's down, but I'm experiencing some other form of pleasure at the thought of our execs being roasted as a result of this.

    I'll be fascinated to hear them explain that rosey outlook at the AGM last month. Even more fascinated to hear their rationale for this:

    Name
    % of performance bonus recieved
    % of performance bonus forfeited

    Mr David Simpson 100% 0%
    Mr Brett Smith 100% 0%
    Mr Donald Montgomery 100% 0%
    Mr Clive Ross 100% 0%
    Mr Mark Rankmore 100% 0%
    Mr Lee Arasu 100% 0%
    Mr Robert Mancini 100% 0%
 
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