From the AFR:
One of Aurizon’s largest shareholders has urged the board to look outside existing company directors for its new chairman, and backed Perpetual Investment’s call for the rail operator to focus on its core business and return more capital to investors.
Philip Green, a partner at TCI Fund Management, which has a 5.9 per cent stake in Aurizon, said the rail operator must focus on increasing dividends and activating its share buyback.
…”It is self evident at these prices that such a project wouldn’t go ahead.” Mr Green said.
Same goes for the Galilee. I’d be looking for new management too.
