So what did we get/gain from his stewardship ?
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Knowledge: That even CEO's can be as useless as the proverbial. At least there is no financial fraud like Enron or Worldcom - IMHO I think he failed ethically and morally.
Still has an FMA case coming his way too - wonder if he will just claim "incompetence" as a defence.
Now the focus is back on Karangahake, and while there is still some cash in the kitty, I still see an opportunity to produce nett cashflow, from a low base.
We have been led to believe there is a stockpile already extracted, to give a headstart.
Is there?
See what, if anything, is re usable, or scalable from pilot plant, ann 26/7/2019.
If nothing, go to the mining museum in Thames, and copy the stamper, which I have already measured as capable of fitting in the mine.
Get stamping, get some high grade ore crushed, centrifuged and despatched for final treatment elsewhere.
No water necessary, no cyanide, no grizzling and no excuses .
No noise coming out of the mine either, several strategically placed canvas sheets will suffice.
Sometimes the old way is best, remember Grandma's apple pie?
Is he running out of coin (with little more likely coming from a speculatively hopeful Employment case) or is
stationery running short in the outhouse over the way ? ;)
With all them acclaimed Fancy banker skills & Mining experiences - shouldn't there be a queue waiting to knock on the door ? ;)
Or did someone whisper there was hard hitting new Board posse about to pounce to see what loose crockery & china
there is laying about .. ;)
The $500K roughly from the share liquidation wont go far with squadrons of Aussie & NZ Legal Eagles taking aim at it ;)
Im looking forward to the NTL Christmas poem - Getty, is that your work?- will have a more positive flavour this year - future still uncertain, but at least the bleeding has stopped.
Still lightening the load.....
361248.pdf (nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com)
Sad endictment on his leadership that sells 14 million shares for a mere $28,000.
A little bit of Christmas coin & a fair bundle put aside to to keep Lawyers in keep defending FMA matters ? ;)
All those vast acclaimed Skills & still hasn't found another pigeon hole to start weaving new corporate dreams in ? ;)
it must hurt seeing the skids being put under the newer pet excuses added to the NTL camp under the past reign
now being given the push by the current Board .. ;)
Wouldnt it be ironic/awesome that just as Matty sells his last share, Jonu and co. pull a rabbit out of the hat and get this thing working.
Discl. not holding, but still hold some hope
IMO with the amount of free funds available that it will be touch and go if this thing can get out of the mess that the previous fish heads have dug us into, there is tremendous S Her goodwill here and " if " there is a agreeable business plan from the top table Im sure that we the S Hers can/will see their way to strumpting up with our hard earned to make sure that we can see sunlight in the near future.
See it's reported that Hill has put his wishful mits out for $892K
The Donation & Contributions Bowl smashed down on his paws for at least twice that being put
back into NTL's coffers seems more appropriate, along with recovery of all Losses relating
to what the previous board signed up for in way of Overly Wishful dream commitments ;)
The previous Board all had an underlying duty to Shareholders and the company to not trade the company
in a reckless manner likely to cause losses, or to enter into commitments that the company could not
reasonably meet ;)
The casting off of in places "previously stated binding' projects & commitments by the new Board tends to suggest
that the processes of the earlier Board in even entering these warrant very much closer examination and
action, if current Board consider appropriate to pursue IMO
Most may be happy to contribute to the "Pursue Hill & Nader for all Losses & Compensation Recovery Fund" as a side project ;)
Well said. I would throw money at that.
Dear Santa,
All I want for Christmas is a productive mine, and to destroy Matty!
Merry Christmas all.