Thank you for the opinion croasian. It’s relevant and intriguing enough to have sent me for a walk then inspired me to drink whisky . ...
.. and write s really long reply - based on fusion - coincidentally also the name of the whisky.
I don’t know who you are except you identify with not being a small punter, talk about having removed boards and give opinion which, to me, seems backed by wisdom on a few different levels .
Most importantly- your thoughts above are entirely in keeping with the zeitgeist here which, on many levels has been calling for reflection on priorities.
(Eg a time to let go has been called and acted on by several NWH posters , and synchronistic other things happened )
The intriguing part is that your sound and solid advice seems somewhat contradictory to the post that “called” you here
“
Speculators (investors are few) delegating to analysts delegating to boards delegating to ceos delegating to consultants so no-one really CARES about the outcome (only the gravy train)”
..albeit that was written last November
It seemed to beautifully encapsulate reasons to ‘rage against the machine’
“..
all people need to do is ask questions and speak the truth to power.”
croasian the question that stirs me is this ...
Just now you say you
can trust, if not the machine, some individuals within it . That some analysts are worthwhile... .
YES! . that is the only recourse for people like me ....to try to discriminate what is good from what is bad based on our own
individual experience of
individuals .
In the Hot Copper ‘think tank’ - here- representing two sides of the coin , the long term analysis that Pbawley brings to the fundamental approach and the long term analysis Saragian brings to technical analysis makes a lot of us feel very lucky indeed ... quite apart from anything else.
To the best of my knowledge neither are paid for sharing their opinions.
You also say the ‘trust jockeys not horses’ take on Management doesn’t always work out . ... well patently that’s true in general terms. But even if you did have the wherewithal to offer NRW a price we couldn’t refuse I think you would make it a condition of sale that current Management stayed on.
Not only are they “worth their salt” but Golding the company, NRW purchased last year was one of those old fashioned sort of businesses started by a man who was widely considered to be ‘salt of the earth’. We were told the ethic at Golding aligned with NRW ethics and I believe this even though these ethics and values seem to be a dying breed in this profit-driven world.
Isn’t that demise of values the main question - “
why is this so?” That we have to ask? ( as per your other post)
However I don’t have any real knowledge of the people in charge here . Clearly “eyeballing” at an AGM is not grounds for a major investment, but based on seeing the ‘fire’ that had Management haul the company up by its own bootstraps out of the GFC , and the mettle that went for and won the Perth Forrestfield Airport Contract at a time when the even the cost of putting the proposal together was probably completely scandalous for a 4c a share company to have considered, then building on strength gained there to undertake strategy of growth by solid acquisitions....
Well that speaks to me. Even though I don’t know them, I see the Management team as the kind of individuals I am proud to be associated with and happy to invest with long term .
I might be naive and Panglossian and all but I don’t think that qualifies as “irrational respect to unaccountable authority.”
Well I have talked myself into remaining committed
You might perhaps consider collecting a few shares here too - we are at a point of change and just possibly it Will B Good
Except I would hate to think you were in agreement with me ......
Cheers and thanks for the fresh food for thought and your sharing of insights .
(20min delay)
