CVN 2.27% 21.5¢ carnarvon energy limited

Gotta/Pete63Interested to get your takes on Nero. I voted with...

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    Gotta/Pete63
    Interested to get your takes on Nero.
    I voted with the board and majority but I found Russell Delroy quite refreshing. McClusker’s representative less so.
    Nero clearly trying to have influence to protect his interests, but found generally aligned with shareholders interests. He probably has a shorter time frame on return in mind compared to the board.
    I don’t have any issues with him trying to keep them on their toes, as long as he doesn’t harm long term value. In my opinion they neither represent a white knight or enemy of the state.
    Seems the Nero beef with Debra relates to appointment of Capricorn MD weeks before an AGM and the contract termination arrangement costing $250k for two weeks work (I’m just paraphrasing what I picked up from the questioning).
 
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