The Courier-Mail



folk run­ning the em­bat­tled Bris­bane club had been alerted more than a week prior to dis­crep­an­cies sur­round­ing the nom­i­na­tions and bal­lot pa­pers.

To make mat­ters worse, it’s the sec­ond year in a row that ba­sic mis­takes have been ex­posed, mak­ing one won­der who is run­ning the show.

Mem­bers will now meet on Oc­to­ber 10 to de­cide the fu­ture of their club, which suf­fered a $315,439 loss in the year to March 31 and now faces a “ma­te­rial un­cer­tainty’’ about its abil­ity to stay afloat.

A group of dis­il­lu­sioned mem­bers, in­clud­ing sev­eral for­mer pres­i­dents, are mount­ing a con­certed push for a to­tal board re­struc­ture.


GOOD news in the com­modi­ties sec­tor is about as com­mon as hen’s teeth these days so we were struck by an an­nounce­ment from min­ing en­gi­neer­ing mob Sedg­man yesterday.

Boss and four of his fel­low board mem­bers have all piled in to buy shares in the Bris­bane com­pany fol­low­ing last week’s re­sult re­veal­ing a $16.5 mil­lion profit and a 10 per cent spike in rev­enue.

Wat­son ponied up $50,000 on an­nounce­ment day, with the oth­ers stump­ing up for lesser amounts at the same time. Good to see they’re walk­ing the walk, not just talk­ing the talk.

Peter Wat­son

 ??  ??
 ??  ??

Newspapers in English

Newspapers from Australia