thanks Mark. I attended the AGM on Friday and was underwhelmed, to say the least, by the Board and CEO. The body language was awful and they appeared not to like each other or to have any respect for the Chairman. This was their one chance of the year to spruik the company to shareholders and they failed dismally. Leaving an AGM you should feel like ringing your broker to buy more shares but this was not the case on Friday. Nathan and his cohorts are correct in that the Board need renewal and invigoration. Projects are progressing slowly and they seem unable to carry out the required PR to generate any interest. South Vickery not due to produce coal until end 2014 - I remain very doubtful that this will occur in this timeframe. Ferndale, a year later, similar concerns with this timeframe. Oaklands on the backburner waiting for some external influence to make it more valuable.
A very disappointing experience - attended by only 30 odd shareholders, all of whom left as underwhelmed as me !
As previously posted most major shareholders including Directors have reduced their holdings over the past year.
Our only hope is Nathan, or someone else, coming in with a bit more energy and enthusiasm that the current incumbents.
All IMHO only, of course ........ dyor.
CWK Price at posting:
47.8¢ Sentiment: Hold Disclosure: Held
