So the CEO and Board need to reduce their salaries then?
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So the CEO and Board need to reduce their salaries then?
Gee whiz the NTL private holding area on the main page for investigation is getting bigger as the days go by.
Must be more juicy tid-bits being un-earthed...
I see that NTL are seeking nominations for directors. Perhaps one of the contributors to this thread should put his/her name forward. Failing that I would like to nominate Mickey Mouse. I believe Mr Mouse would bring invaluable commercial experience and fit in very well with the NTL corporate culture.
I hope Matt has a succession plan, because he certainly does not have a success plan.
Current hold up is due to checking if the Rabone electric locomotives will fit the gauge of Vanuatu state railways.
Perhaps Chris Castle is available for nomination?
Does anyone here have the time/quals to be a Director at NTL? Having a independent onboard seems a good idea - though would preclude you from trading a bit.
Put your hand up.
Well looking at the downward trend of the SP over the last couple of years,you would have to have a screw loose to join this board.I can't see any any good reason for an independent director to be tempted to join the company.
Oh I don't know about that, I would think the monthly report would be very minimal reading... probably don't need to open it, all you would need to do is think blah blah blah excuse blah blah blah ass covering blah blah blah request a well deserved pay rise from Matt blah blah blah.
Easy money. Cut and paste the previous report, adjust the figures via dartboard and calculator. Back to the golf course.
Have they discovered hints of GOLD lurking under the Waihi Golfcourse as well ? ;)
Why are they stuffing around with Hobby Mines & Abandoned claims in the Pacific
if this new strike is looking to be so popular ? ;)
Or did the earlier lot on the way round happen to drop a few small coins in the bunker between the 7th & 8th holes ? ;)
But seriously, it would make sense for one of the (decent size) shareholders to get onboard - conflict of interests to some extent, but the Board are there to deliver for their shareholders, so be nice to have someone who would hold others to account.
Jonu? Time and energy to do it?
Unfortunately, NZ is "not open for business", it is exponentially less open for business every year.
You can see they originally had good intentions, and if they had actually started the process approx. 20 years earlier, they would be successfully mining now.
In todays world, this mine has zero chance of being operable, as Matt said, to make it would they would have to go to a massive scale operation, and that was I recall to cover the massive set up costs for health and safety and possible another 100 red tape things this new government will require.
It just wont work, business enterprise in NZ is basically strangled to death, look at what they are doing to the Farmers at the moment.
Abandoning ship here in NZ, and having a go up in another country, slim as it may be, the only chance.
Getting a seat on the board, may also be your only chance of getting any blood out of this rock, as you wont be getting gold out of it.
Good Luck to holders.
Vanuatu put a stop to manganese mining in 1978, and there has been no mining since, except for shifting some already mined manganese in 2006.
Not much point in prospecting there, against that backdrop, to create another stranded asset, if commercial gold is found.
No wonder Canterbury Resources were happy to offload their patch to NTL.