Archives: Questions And Answers

thanks for all your comments, great help for smaller investors in their decision making and makes Saturday reading essential. Regarding Mineral Resources, recent negative publicity surrounding the CEO has caused a substantial price fall in value of company’s shares however amounts involved in these comments ,although noteworthy/newsworthy , aren’t significant to the overall value of the company it has a diverse list of minerals perhaps only on much smaller scale to the majors BHP and RIO. In addition it is hard to see these negative comments having a significant effect on its basic extensive and well regarded contracting business net assets of the company which had respected analysts tipping share prices of $60 or even more only a few months ago are still the same apart from the very poor way all matters have been handled by the board [including the CEO] , it has not reduced materially the net assets of the company only the way it is regarded by the broader investing community, as such , a brave buyer at today’s price should benefit when time diminishes memories of some of past poor actions obviously the appointment of well recognized and respected CEO and chairman and overall strengthening of the board will be welcomed.