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When a Chairman suddenly resigns, one would think that someone...

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YodaObi

335 Posts.

25/10/17

09:50

Post #: 28170564
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Originally posted by Dumas ↑

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

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When a Chairman suddenly resigns, one would think that someone in authority would carry out an exit interview?

CGA Price at posting: 80.0¢ Sentiment: None Disclosure: Not Held
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