No MO just ran the whole show and pretty much everyones questions were answered by his hour long speech. Kalbarri was a side bit I picked up on which should be announced in a few weeks he said, which we are shortlisted for.
The gold royalty pause is something still in negotiation and is not a shot duck either I discovered.
Their were potential clients there clambering for the boards attention. Most shareholders were older generation that have held for quite a while it appears.
It was money well worth spending to attend and takes notes. MO is a very smart guy and those who complain about his salary need to wake up to themselves I think. I know his wage is high but nothing compared to many companies who also offer options and incentive plans. I think his salary is just a straight salary with no free options and that puts him outside the top 100 CEO wage earners just in WA let alone Australia.
The buying of the stock happened at the very start of the presentation at 13:14 - 13:16 but there was nothing really happening at that time to warrant such a rise. The speculators were buying hoping for some good info coming out. Buyers started the process at the market open as well. Buy the time I looked at the price during the speech we were at 4.5 on no real news, as others have said the slide presentation shows nothing really new.
Once MO got into rhythm which took about 5 seconds he did not faulter and firmly believed in what he was saying. He is a confident orator and a huge asset & credit to the company & himself I think.
CCE Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
