Some interesting points put out in a SAG email this afternoon. About sums things up.........................."Highlights" coinciding with the current Managing Director's term at the Company (3 1/2 years) FYI :1. Our share price has approximately halved2. The shares on issue have approximately doubled (167mill to 322mill)3. The Management and Board have little skin in the game (less than 0.7%)4. Cash outgoings from quarterlies approx $10mill (mostly in administration)5. Sale of SCONI $6mill when a very good arrangement whereby AUZ were obligated to either spend $10mill or complete a DFS to secure only 50% of the Project6. Wasted shareholders funds pursuing the "unfair" aborted Melior Merger7. Confused direction - multi commodity to bauxite pure play to risky Solomons back to multi commodity. Where to next ?8. Poor communication and repetitive presentations
9. Quantifiable achievements ?????????????????????????????????
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Cheers - Surfydad
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Some interesting points put out in a SAG email this afternoon....
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