this lad has been managing the iron ore asset at Vallenar now for three years i recall.
What has he achieved to date?
NOTHING!!!
Incorrect equipment purchased which stopped ramp up of production
Besalco not paid for work and litigation followed
Disputation with Farkas
Took a lifetime to assess the iron reserves
Failed to find and sign up a suitable jv partner
etc etc
In the meantime he has received a handsome renumeration package plus bonus shares/options.
In the meantime two CEO's have departed and ADY is priced at 1.2-1.3cents. Isn't great to have Michael managing ADY's prime asset!!! Pity no cash flow for past 2 years.
Maybe Prior has gone across to check what he has been doing all this time?
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