Yep - his new venture talk had a completely different tone from the AGM to the investors day and this is my concern - it went from an asset with produce but with areas of interest to mature to the next big Elephant hunting ground.
I hope this does't turn out to be an ego trip for the board wanting to have their name attached to the next big find - period !
There is more to running a successful company than chasing the rainbow - if it comes off then Bingo but failure is terminal !
that's why I changed my investment strategy to high cash and low geared companies.
And it might be unpopular comment but quite frankly I prefer CHAR to have no debt around its neck. If it has double cash to market cap then its obviously been doing something right to get that cash in the first place.
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