Honestly people we give the board a hard time but look at it from their point of view. Every time theres a knock at the door they must wonder "is this the police" and they hold a vote to rubber stamp the sale of Jumbuck only for the ungrateful shareholders to vote NO. So they have to get their friends to make another fake bid and hope that the share holders are too stupid to know that $2,250,000 is less than $2,600,000. Maybe they can get the sale past us this time well good luck with that.
Now they want to give, sorry sell Eureka for $1,500,000. Do they think we cant read? $500,000 is contingent on the new owners extracting more than $50,000,000 in gold from Eureka. So they really think that theres $50,000,000 of gold in Eureka but want to sell it for $1,500,000 ($500,000 of which we will never see) And they think that they will get Ministerial approval for this. Have they never heard of ICAC?
Anyhow I feel sorry for the board because they aint selling Jumbuck and they aint selling Eureka and they may end up in the cell once occupied by Allan Bond.
But we must play our part Vote NO sale of Jumbuck
Vote against any of the current directors at the up coming AGM
Write to the relevant minister in WA to stop any ministerial approval of the sale of Eureka.
(Heavily edited to stay within the bounds of fair comment)
Position held Sentiment Cant wait to vote again
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