From the quarterly : "Mr John Ciganek (John) replaced Mr Eugene Nel, who has stepped down as Chief Executive Officer from the 9 December 2022, fulfilling his mandate of successfully steering the Company in completing its PreFeasibility Study (PFS) and Definitive Feasibility Study (DFS). It is expected that Mr Eugene Nel will apply for a position in VR8’s Owner’s Team, which will take the Steelpoortdrift Project through the required initial workstreams to get the project shovel-ready, and then to nameplate production and beyond."
The wording describing Eugene future involvement in VR8 is a little more definite in this ann (compared to their last) saying he "will apply for a position...". I'm very pleased to see that mentioned. I think Eugene did a fantastic job with both the PFS and DFS, and clearly had a deep knowledge of the technical aspects of the project when interviewed. Its good to see his skills retained.
All IMHO, DYOR
VR8 Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
