Exactly. If he hadn't the company was probably kaput!
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Yup. Spot on fish.
Not the sort of person I would want managing my money.
His myopic (and massively incorrect) views were clearly on display over the years when he thought NTL and Hill could do no wrong.
See my posts #8219 and #8621
I wonder how much he’s being paid in his ‘new’ role at NTL??
Not the sort of person I would want managing my money
Oh, and BTW Hill said at the 2021 AGM it would take $12 million to get the mine into production.
Can’t think of any reason for him to over estimate this figure.
The latest capital raising won’t be enough.
I’ll follow the smart money, and imo Michael Stiassny is the smartest person on the NTL board, and he hasn’t put 1 cent of his money in.
Interesting - but would Michael Stiassny still be onboard as part of a NTL Board approving the financing,
Cap Raise etc collectively at Board level, if he didn't think the forward plan was viable ?
Entering production with gold flowing may also open further financing options too
Frankly I have considerably more faith in the current Board than that they replaced.
I can think of many reasons why Hill would want to overestimate that figure....
Stiassny happens to be chair of NZA and I don't think he has invested there. I think he is the type of director that does not do "hands on investing" although I could be wrong.
John is not running the company, he reports to the Chair so I have no issues with him contributing, considering that if it wasn't for him this company would in my opinion be gone.
Jonu has a lot to gain if they can get production going given the number of shares he holds. Earning $140k a year in current capactity is probably a minor part of his retirement plan given he could be working elsewhere, IMHO.