Hi Mega, welcome back, I hope you had a good holiday.
Yes, I would agree with that absolutely. As I’ve always maintained, CCE need to become streamlined, less top heavy (reduce remuneration at board level - far, far to large for a business like this) and remove all distractions.
I don’t however agree with your assertion that the $26M will cover Albany. What are the costs? It’s never been publicised. Does CCE have to contribute equity as well? Why don’t we know these costs?
What’s not clear is how CCE sustain themselves? We have no idea on revenue from GIMG or Northam because it’s never been published so again we are left to speculate.
Again shareholders are left in the dark with information that is pivotal to make informed decisions.
Just another example of more breaches under the ASIC - ASX continuous disclosure requirements.
CCE Price at posting:
2.0¢ Sentiment: Sell Disclosure: Held
