Typical Cool Hand laconic presentation - merely a rehash of recent announcements ..... where is the amplification ??
Where are the synergies and what's the likely savings .... how about a $ figure. Why has the SP been smashed ?? Is the 10% drop the markets 'takeover premium' which means the market thinks 48c is what its worth i.e. NAV of a mere $120m .... a new plant costs $80m.
Where's the analysts reports on this proposed merger ?? I know that LT will say that there was lots of discussion at the AGM .... so I assume that a few insto's and analysts and a very few shareholders got a bit more information ..... but what about the rest of the shareholders ?
This company continues to be run like a private company .... like the Macquarie Bank of mining .... staff get exorbitantly rewarded and shareholders get crumbs (but at least MB pays some dividends).
