"...just sitting on it while admin costs continue to waste the capital away".
Yes, MOL used to be 22c cash backing, now I think 17c cash backing.
Directors get $400K p.a. salary for a company has no project to run. It is not really a lot of work each week. Think about it... 5 days per week (9AM-5PM), $8000/week salary, not much work to do each day... afternoon sleep with A/C after watching Days of Our Lives.... and time to go home to your waterfront mansion (holder fund).
But so many directors rather leave this "dream" job instead of staying and following Hanlong's orders. Ask yourself why?
Just IMHO.
MOL Price at posting:
7.0¢ Sentiment: ST Sell Disclosure: Not Held