Following allegations of corruption and bribery in operations in the Congo, Mehmet Dalman, the embattled new CEO of extractives firm Eurasion Natural Resources Corporation, must have a great quote lined up about ENRC's approach to governance (via the FT):
"We want to be open and transparent,” Mr. Dalman says. “We’ve got nothing not to talk about. It is a new era of openness here."
Right. But who can blame Dalman for his lame defense when he operates in a market environment dominated by insights like this gem, courtesy of an analyst at Deutsche Bank:
“Trust takes time to build. The stock is very cheap, but [Mr. Dalman] needs to keep saying the right things, over a long period. It will be a slow value-improvement story.”
So we'll just keep on with the talking points then, shall we Mr. Dalman?
"We want to be open and transparent,” Mr. Dalman says. “We’ve got nothing not to talk about. It is a new era of openness here."
Right. But who can blame Dalman for his lame defense when he operates in a market environment dominated by insights like this gem, courtesy of an analyst at Deutsche Bank:
“Trust takes time to build. The stock is very cheap, but [Mr. Dalman] needs to keep saying the right things, over a long period. It will be a slow value-improvement story.”
So we'll just keep on with the talking points then, shall we Mr. Dalman?
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