Originally posted by Trade138
Hi Growler -
Please tell me you're trying to discredit Pete's achievements at Ivanhoe? I'm sorry Ivanhoe being a success, (during Pete's time) doesn't suit your argument - but the fact remains - Pete has a great CV and knows what it takes to be successful - the management team at AEE have the right mix, IMO.
Happy New Year Sir.
T
Sigh...
Please tell me you know the difference between being backed:
1. by a large multi-national + billionaire
v.
2. by continuous rounds of private placements at a discounts to sophs
But even with the backing of Ivanhoe HQ 50%+ holding, Ivanoe Australia struggled. The 4 financial year prior to Peter's departure, the company recorded:
2011: $126m loss
2010: $78.7m loss
2009: $52m loss
2008: $67.8m loss
Peter was appointed in 2007.
In 2011, the company raised at $1.39 and had 555m shares on issue.
Want to talk about the $billion company and Peter's achievements? I am struggling to see it. Seems to be quite a bit of mythology here, imo.
Ref:
https://www.asx.com.au/asxpdf/20120410/pdf/425hzn8rtsqvq2.pdf
https://www.asx.com.au/asxpdf/20100423/pdf/31py63s5kfpcn7.pdf
Next...