Welker was on minimum wage until the merger, only because lawyers insisted he wasn’t allowed to be paid $1/year. Medusa set the $500k/year. Nobody in the Vitrinite shareholding is here for a paycheck. We want to see the company completely rerated and find a massive deposit in Queensland while helping Raul optimize his business.
Vitrinite run mines currently. We love Raul and have huge respect for him and the entire Philsaga mining community. Anyone who asserts they know more about that mine than him is kidding themselves. He knows where we stand. He will have no opposition from us and likely even more support.
What we are good at is discovering and developing mines in Queensland. Quickly and cost effectively. Just have a look at our website and accomplishments. We know what it takes and have an owners mindset.
We’re building shareholder value and good businesses. Call us. You have nothing to lose except an ‘Advisor’ arrangement if you happen to be part of that crew.
Nothing to be afraid of. We don’t bite. Any shareholder is aligned with us.
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