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MIN - Mineral Resources

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The Guardian reported on Chris Ellisons tax and company fraud activities and an easier to read style.
I think he is incredibly fortunate not to be behind bars.

Rips off his company for millions, Rips off ATO for more millions. He is a billionaire . The fines are not pocket change but for someone worth north of 1.2 Billion dollars they could be considered the cost of doing business.

www.theguardian.com

Mineral Resources boss Chris Ellison to step down after board finds he used company resources for personal benefit

Billionaire mining CEO fined $8.8m amid investigation, which follows accusations he failed to disclose revenue generated by overseas entities to tax authorities
www.theguardian.com www.theguardian.com
www.forbes.com

Chris Ellison

#2410 Chris Ellison on the 2024 Billionaires
www.forbes.com www.forbes.com
 
frugal.rock said:
"Ellison grew up in a poor family in rural New Zealand where his father was a pig farmer and later worked in a quarry."
www.forbes.com

Chris Ellison

#2410 Chris Ellison on the 2024 Billionaires
www.forbes.com www.forbes.com
Click to expand...
and as far as i know .. no relation to me

but 'key person risk ' will be immense after the CEO and chair move on

i should probably cry and wail over this , but i rescued the investment cash twice over here , and still hold a few shares
 
basilio said:
The Guardian reported on Chris Ellisons tax and company fraud activities and an easier to read style.
I think he is incredibly fortunate not to be behind bars.

Rips off his company for millions, Rips off ATO for more millions. He is a billionaire . The fines are not pocket change but for someone worth north of 1.2 Billion dollars they could be considered the cost of doing business.

www.theguardian.com

Mineral Resources boss Chris Ellison to step down after board finds he used company resources for personal benefit

Billionaire mining CEO fined $8.8m amid investigation, which follows accusations he failed to disclose revenue generated by overseas entities to tax authorities
www.theguardian.com www.theguardian.com
www.forbes.com

Chris Ellison

#2410 Chris Ellison on the 2024 Billionaires
www.forbes.com www.forbes.com
Click to expand...
Hmm perhaps friends and associates in very high places have saved his bacon.
 
farmerge said:
Sad for the employees I guess.
Click to expand...
depends on how much maintenance and upgrades are needed , it MIGHT be the break needed to sort out any glitches.bottle-necks

( it might send some of the workers on holiday/long-service leave , and retain skilled staff that way )

a buddy's brother is still getting offers ( to operate heavy machinery ) despite being a nervous wreck over family issues



but maybe EV mania has peaked , and that might be a good thing as well
 
I am surprised no posting on MIN thread since last 12 days !!

This is a copy of my posting on DLI


The market digested this announcement like slow-release fertiliser, not as a steroid boost.
Who knows, good sense prevails for MIN after so much publicity.
Once guilt has been accepted, there should be remissions and reprives for leading a better life, not a vendetta.
No one can deny CE's excellent contribution to turning a little pipe company, PIHA, into CSI and big MIN. It has benefitted shareholders, governments, businesses, and the community. We should also remember that our super funds invested significantly in MIN. There could be massive job losses if CE also leaves MIN.

I hold neither MIN nor DLI.
 
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