Forum Archive Index - March 2001

["Malcolm Cameron" <malharcameron@hotmail.com>]

charlie
I agree the board of fletcher challenge set themselves up for this. by not 
giving other options making all conditional on all votes being passed and I 
believe penalty clauses if they were not this incompetence will cost 
shareholders a lot of money. was fletcher building result why there ceo 
designate did not want the job. it seems the whole board and management want 
firing
malcolm


>From: "charlie brown" <gordy_gecko@hotmail.com>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: [sharechat] FEG - Peak
>Date: Thu, 01 Mar 2001 09:28:28 +1100
>
>I find it interesting that chatters have made no comment in relation to the
>announcement yesterday by the FLC Board decision to proceed with the vote 
>on
>6 March re the possible sale to Shell/Apache.
>
>Although understandable given the infancy of the Peak Petroleum counter-bid
>I can't help but hypothesis that they have effectively said to Peak
>Petroleum that they are going to have to go out there and lobby like 
>buggery
>institutions and the like to stop the vote going through (and thereby show
>that there is some support for the counter-bid).  On the other side of the
>fence the Shell/Apache team will also be going at it hammer and tongs.
>
>With the willy old dogs down there at GPG and FR Partners in the midst of
>things (and I'm certain some other K9's will be sniffing about), should 
>make
>for interesting times between now and then and for ever after.  I'm sure
>Shell with there silver lined pockets could also spare raising the bid - if
>unlike Alliance, they were serious about snaring these assets.
>
>Roll on March 6 - my lazy $20 says that nothing will be consummated on that
>day nor 23 March and that the games will just have started.
>
>Finally, good to see some of that positive fighting kiwi battler attitude 
>in
>Mr Dunphy and Co.  Rod's passing comments re Peak's emotive nationalistic
>spin doctoring should be taken seriously by FLC's -  otherwise it may bite
>them in the proverbial.  All though it'a hard for a board stacked with
>industrial revolution also rans now use to running a garage sale to take
>anything too seriously.
>
>There's money in dem there assets!!
>
>Yahoo!!!
>
>Charles
>
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