GREY:PGDIF - Post by User
Comment by
mill44on Jan 27, 2015 12:46pm
55 Views
Post# 23368204
RE:RE:Debeers
RE:RE:DebeersDeBeers is caught up in internal politics. Anglo is a public company that has to do what's best for the shareholders. So they cut spending, maybe buy back stock and increase the SP. Cannot afford to gamble. The CEO cannot sell big spending without instant return, so no PGD. That's it. If PGD turns out to have been a mistake, that will be after collecting big bucks, options and bonuses for 2-3 years. So what's the harm?
It would have been so easy for PGD to stop these speculations on the value of the project and DeBeers leaving but they chose not to. They probably had a few hundred million reasons for that.