There is certainly an issue of being upfront with the truth esp when 6 weeks ago, everything was fine. It would appear that the spin doctors have got to this and are trying to "make a silk purse out of a sow's ear". This is not good corporate governance or market disclosure and I thought that Mark Ryan was better than this.
Every other move that he has made wrt De Costi, domestic market share, reduced exports have been textbook perfect. This is a blemish on his record book, IMO.
Mind you, as an opportunity to pick up a few more, it could be a good move.
HT1
TGR Price at posting:
$3.55 Sentiment: None Disclosure: Held