RE: Liam27 Apr 2025 07:30
I'll be absolutely blunt as I and many others in telegram were with Liam on Friday evening. He and the other 3 former admins I fondly term as the 'Mean Girls' from a certain cult film titled thus about bullying school girls accused others of FUD when discussing all scenarios of wyloo early on and Sirius isn't allowed to be mentioned in TG, unless Liam does of course.
His motives have been questioned by many, his ingratitude towards Shaun who gives him so much time for a business that doesn't have any paying clients too, where he at least had interviews with Shaun and hopefully still will. I and plenty of others called him a hypocrite, thankfully whether Shaun uses him or not in future he'll continue to engage with retail I am sure through other channels.
He's stated he'll think about how he goes about things in future , the hope is Liam might discover some maturity before he hits 50 years old. Perhaps he'll also understand the same rules he applies in TG apply to him and that the only relevant concerns aren't those he holds with his barely 5 years experience in investing with minimal success, he truly is a white belt who thinks he holds a black belt but is often completely clueless. Had anyone else voiced these concerns in TG he and the mean girls would have accused them of FUD.
His hypocrisy, ingratitude and double standards aside, whether GGP had continued with a Joint Venture or had used other cornerstone investors to secure sole ownership there is always a risk of a takeover or bid but the instigator is often if a management team is performing poorly and less often through major shareholders with ulterior motives.
Juniors don't get to own assets such as Telfer and Havieron without a JV and/or cornerstone investors enabling them to be a viable risk for banks or raising funds through placings, we would have been taken over by now for far less than the current share price by now without Shaun bringing in Wyloo and the BOD. Make no mistake of this fact.
Wyloo had good reasons to do what they did with Mincorp to protect their own interests so Liam needs to do his research and also consider his risk management and strategy if he no longer trusts Shaun and the board.
The ASX listing will in most probability be voted through so if some think it is part of a nefarious plan Vs the stated benefits, you might need to consider an exit frankly...
Also, were retail to vote against it, we would be voting against Shaun and the Board and you would probably see Shaun and the BOD and other key management exit as no management team wants to have its strategy and recommendations voted against, so consider this very serious implication too.
The risks inherent with joint ventures or cornerstone investors do exist, but a junior has to take them onboard to transition into this very rare position, can't be where we got too otherwise and to date, the execution and delivery of the roadmap has been top class just like the CEO and team.
Cons
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