Gordax
Fair chance one or both signed off on the basis that shareholders approve a new IMA
However shareholders won't see it - only the "pertinent parts" as decided by a conflicted Board who have already decided to accept resignation of Manager who says they can't cut the mustard, but the failure manager could get up to $12m for a contract at $2 plus pa fees that Directors could recommend for termination at no cost to shareholders in 20 months for disastrous 4 th quartile performance over the last 15 months since they were appointed
The great investors at NAOS can't surely value that contract at $12m Unless the new IMA gives them at least 7 or 10 years certainty
No wonder the Chairman resigned 7 days before these announcements
DYOR
CGA Price at posting:
80.0¢ Sentiment: None Disclosure: Not Held
