BA is undertaking the review their is not really a BOARD as such. More to the point the BOARD that does exist is mainly COC appointed and accordingly they will not be behind the for sale signs.
The Ex BOD are clearly with snouts in trough. That said I think it is all much of a muchness now. At these levels, with the cash burn reducing (BA will be out soon as will his cronies) this is a no brainer.
90M cash, 65M forward carry for Etinde, the value of Etinde itself and the Bomono deal makes the current SP seem very deflated.
No doubt some serious upside here even with the gammy leg that is the ex BOD.
Showing his true colours as a graceless money grubber.
I'll bet he is trying to get out with as much and by whatever means
All that tosh leaked to the papers about how he was going to resign on the day of the original meeting. He needs another gravy train to pay all those training fees for his horses in the meantime while he is setting it up (and I have no doubt he will) he needs a pay off
I think you will be ok 65/70p I think ba needs warning that wasting money is a sackable offence with no pay off- also fsa should ban him from future director positions if he abuses his position clearly against shareholders now it has become clear he is wasting money just for his own ends When's the vote!
I have lost ten years of my life waiting for the holy grail on Bowleven only to be cannon fodder for Hart and his cronies to milk it dry on over paid wages and Bonus plans As soon as this sorry tale of woe ends the better the chance of me getting back my average of 0.61 looks on the optimistic side at the present GLA
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.