any change in management brings with it transaction costs
I'm not suggesting a change in on-the-ground Karouni management ....it's the directors and company secretary that have failed their shareholders with inadequate disclosure and misleading statements. Jones and his fellow colleague Stern on the AAR board should go and be replaced with directors that can bring truthfulness to shareholder relations.
Hope is the watchword for this board....- sale of Casposo ?...how realistic is that kojak!?, trial mining at Ohio Creek , increasing government forebearance on trade credit terms , Investec loan renegotiation (again )- all of it leaves the shareholders and would-be shareholders cold.
I predict a Section 249 meeting will be convened within the month to remove Stern and Jones and replace them with directors who have the experience and presence to engender some shareholder support.
TRY Price at posting:
10.5¢ Sentiment: None Disclosure: Held
