Once again if you are listening on itunes please give this podcast a 5* rating and feel free to write a glowing review. Meanwhile I discuss who has been talking bigger bollocks in the past 48 hours: Richard Chase of Nyota (NYO), Mario Draghi of the ECB or those "inners" who believe in Mario. It is a close run contest.
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Comments
Drunken Sailor
One of Chases arguments is, as an Aussie incorporated company, there needs to be 2 directors based in Oz. As he is not based in Oz he can fuck off straight away then. The new board needs to look at reincorporating the company where most of its shareholders are based. They should also look to kill the ASX listing as I am sure that costs a fair bit and provides no benefit. The assets they have are in Europe and unless they are going to get assets in Oz there is no point in having directors in Oz. Obviously reincorporating will take time and money but it will save in the long run on ASX costs and having pointless directors just because they are mainly resident in Oz. The sad irony though is it is a Brit who has behaved most like a descendent from convicts in this sad saga.