I have been lucky enough to actually meet Mr. John Park on a few occasions on a professional front. There was news of Mr. Park joining KNL in Tanzania, but I honestly never expected that he would join so quickly.
One way to sum up Mr. Park, he is very risk-adverse, intellectual and straight forward. He definitely has the respect within the industry and is known for his success over his past projects.
IMO there is only ONE solid reason why Mr. Park is on board, and that's because KNL are looking to fast track into production. Having Mr. Park on board not only builds management's credentials, but investors now know of KNL's future intentions.
I'm still amazed Mr. Park has joined KNL so early on, KNL must really be pushing to build on a Action Plan for Production, I thought they would at least wait for the JORC.
There was actually rumours in Tanzania that Mr. Park may join SYR, that's why i'm seriously surprised that he chose KNL over SYR. For everyone's information I believe in both the SYR and KNL story, and I hold stock in both companies. So no bias from me.
Although Mr. Park has definitely got a very high salary tag, so that could've been a factor, but it could've easily been due to KNL's surrounding infrastructure.
KNL Price at posting:
43.0¢ Sentiment: LT Buy Disclosure: Held
