I agree. A while back I post about director's fees too high. Too much profits from iron ore mining at that time gone into salary payments.
I agree about removing some directors to cut numbers down AND directors need to realise MOL is NOT trading at $1.00/share anymore.
However, Hanlong is replacing their own people who are NOT independent. So who is checking MOL's bank account making sure money is not missing???
What stop Hanlong selling their unwanted asset for 1000X market price to MOL? If they do that than MOL share will be worthless and Hanlong will get all $87m cash. Just IMHO.
MOL Price at posting:
12.0¢ Sentiment: None Disclosure: Held