Originally Posted by
zorba
Unicorn,
Remember that the Chairman controlls and "manages" the AGM .......
In what sense was the AGM a poor reflection of the CEO abilities ?
What sort of rabbit were you hoping he would pull out of the hat ?
My reading of the NZOG shareprice is that its discounted primarily because both Pike and Kupe still have quite a distance to go, and because of the inate constrictions that Kiwi investors bring to the NZX, particularly w.r.t. a resource company, just not comftable with the risks still attendant, and then also following the sub-prime fiasco, risk discounts have been increased world wide.