Thanks Guys great interview Good to have Gabriel and team on the Karoon board case to change their ethos or composition needs to be more of this crosschecking of all boards motive to be more aligned with Holders keep up the good work GCs
Very informative interview. I have a question of why BHP thinks it’s a better idea to buy a copper mine in South America after their San Marco experience and $19 billion cost when Olympic Dam could be developed. Surely spending $10 billion on mine development and say another $10 billion on infrastructure would create a huge resource in Australia. BHP had the Gaul to spin a line about building a copper province with recent SA purchases. Are we completely underrating the complexity of getting a mine to operational optimum standard. Surely the main time is finding, truthing, proving a resource and getting approval for a resource? $60b to $20b? Who can answer such questions as I am not convinced BHP has the answer based on their track record of squandering shareholders money. Could this be a Money of Mine analysis? Someone from the WA University systems?
95% of companies on the ASX are just lifestyle companies. Been watching a handful of companies listed on the ASX literally for a decade and they have still not achieved anything but multiple CR’s to fund massive salaries, dilute the hell out of the retail holders, do a share consolidation and then rinse and repeat.
Misuse of the word 'activist'. Warren Buffet was regarded as a 'liquidator' in his early days. Buying companies with a high book value, selling the assets and liquidating the company.
My life motto: “When the government says I should do something...... I do the opposite!"
It works 100% of the time.
Thanks Guys great interview Good to have Gabriel and team on the Karoon board case to change their ethos or composition needs to be more of this crosschecking of all boards motive to be more aligned with Holders
keep up the good work GCs
Another brilliant interview! Well done guys!
This is another cordial concentrate episode. Great stuff.
BEWILDERED KAROON AND DETTERA SHAREHOLDER THANKYOU
Very informative interview. I have a question of why BHP thinks it’s a better idea to buy a copper mine in South America after their San Marco experience and $19 billion cost when Olympic Dam could be developed. Surely spending $10 billion on mine development and say another $10 billion on infrastructure would create a huge resource in Australia. BHP had the Gaul to spin a line about building a copper province with recent SA purchases.
Are we completely underrating the complexity of getting a mine to operational optimum standard. Surely the main time is finding, truthing, proving a resource and getting approval for a resource? $60b to $20b? Who can answer such questions as I am not convinced BHP has the answer based on their track record of squandering shareholders money.
Could this be a Money of Mine analysis? Someone from the WA University systems?
Sovereign risk
95% of companies on the ASX are just lifestyle companies. Been watching a handful of companies listed on the ASX literally for a decade and they have still not achieved anything but multiple CR’s to fund massive salaries, dilute the hell out of the retail holders, do a share consolidation and then rinse and repeat.
I would steer well clear of activism
This guy is an activist for what exact ?
Ask mismanaged Karoon shareholders 😉
imagine min copping this bloke...
get yr own fruit & vegie shop.
Misuse of the word 'activist'. Warren Buffet was regarded as a 'liquidator' in his early days. Buying companies with a high book value, selling the assets and liquidating the company.