RE: Worried....16 Jan 2025 11:13
No problem with Darren fact checking everything at all. The reports should be accurate, but the belief in some of the BoD that they weren't self serving come the end was definitely something which multiple people felt was true.
The deal with MTL wasn't the dream we were told and promised (from memory - and I'm happy to be corrected, at one stage MC was talking about £1.20-£2 per share).
Now I'm not saying I've been living in cloud cuckoo land expecting that, but it does illustrate where the disbelief comes from. Evidently, the performance of CNR over the last 12 years regards its share price is poor.
Would I go back 12 years or so and still invest in CNR? No.
Is the deal what we were sold by CNR for years? No.
Is the MTL BoD capable of doing something productive with the shell of CNR? I absolutely believe.
At the end of the day, the company was worth what someone was willing to pay for it and the package is better than no deal and sliding into complete meltdown to the view of myself and many other ex Condorians.