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