RE:Strategic Thinking Neededif MMY mgmt would have strategic thinking, they would NOT sell Tuckanarra to ODY in the first place for dirt cheap. And now buying ODY altogether for 5-10 times more than what they got from ODY for Tuckanarra assets?! That's what MMY is great for...
Creating huge cash flows from Selingsing, and then stealing it from common shareholders by hugely overpaying for fake deal Mengapur, wasting $150-200 million in total (even counting some resale value many years later).
Not surprising then, that while on balance sheet our assets are valued at around 130million, market doesn't assign any valuation to it. Because market knows, despite how well our operations can generate cash flow, it's all going to be wasted/stolen from common shareholders in the future on some next fake corrupt asset purchase.