Ann: Executive Management Changes, page-129

Just catching up from being away. This post is not in my interest but I have always posted my opinion. Here it is:

If Bob could see that we are close to a funding/offtake solution providing us with a clear pathway to go mining, generate revenue and profit - with a possible commensurate large payday, surely he would have been able to hold off his move back to Europe by at least 12-18 months. If you are on a clear pathway to attain significant wealth within a short period of time, surely you can put those personal reasons on hold for a little while longer.

Luke is not exactly your big time high flying CFO/CEO who's gone absolutely gangbusters. I find is brief CV rather unimpressive. According to LinkedIn he's been out of a job since Oct '22. Seems to me like they took him more because he was in Adelaide and available. I also don't like that he is on such a large base. I'd rather have a strong performance based component tied to value creating metrics which are pretty simple: SH accreditive funding and offtake agreement by xxx date (more if sooner), then mining, creating revenue, then profit, all with associated keen timelines.

Instead, both he and Bob got fat old lazy guy deals where it's nice if it happens, if not it'll at least tide them over into retirement. I don't see that young, hungry, go getter, killer instinct arrangement to make stuff happen.

IMO, the only reason why the SP has not dropped is because we are at intrinsic value already, ie ADN tax losses = mc.