our new ceo a loser ???

Hello everybody,

Here are some excerpts from a poster named John Smith from an English board concerning our new CEO.I personally dont know anything about Jonathan Leslie nor his earlier commitments.But these posts left me a little worried.I have no idea though whether the informations posted are true??


Maybe someone on this board can shed some light on the things that are mentioned here ???

Would be grateful for some input

Wantedman

So here are the excerpts:

QUOTE:

"...Ah, Mr. Jonathan Leslie,

Possibily the most over paid executive to be serially removed from his CEO position over the last decade. Elementary background checks and telephone calls to individuals such as Eugene Van As, the Nikanor board and others (including shareholders of companies managed by JL), would show that Mr. Leslie is consistent in over promising and under delivering. A true blue RTZ man...."

Next post:

QUOTE:

"...Mr. Leslie is not the sort of CEO to take a project to completion. Looking at his record at Nikanor, he was consistent in missing budgeted cost projections, and was instrumental in the delays at KOV. I was a shareholder of Nikanor, I followed him quite closely. After a period, the major shareholders fired Mr. Leslie. It is all on record, do some analysis on the career time line of Mr. Leslie. Or ring up the major shareholders. He has no experience in taking a project from feasibilty to production.

Secondly, I was also a shareholder in Sappi when Mr. Leslie was appointed. The Chairman, Mr. Van As had to reassume the CEO role because Mr. Leslie screwed up the company so badly. This is also on the record for you to analyse. And Sappi was a profitable company that was run into the ground by Mr. Leslie, not a business plan like Nikanor.

You also type " lol good luck to everyone.this is cheap well cheap at the moment." Kalahari is cheap for a reason. The market is rarely wrong for an extended period.

Finally, it would be evident that if the market liked Mr. Leslie's appointment, Extract would be up today. Instead, it is down 3% today...."

And the last one:

QUOTE:

"...I asked my broker to contact anyone from Rio that could comment on the time JL was there. He was unsuccessful. However, my broker was able to contact someone outside of Rio that was able to shed light on the employment of JL at Rio. Seems as if the career path of JL was limited, with average performance. Seems as if JL never shot the lights out and he was stuck in a dead end. If he was truly talented, RTZ would have kept him as potential CEO,COO candidate.

You read my opinion about his other chapters in his CV.

You ask why did the Extract board hire JL? Because JL needed work and protrayed to the board that he had an understanding of Rossing that no one else did.

The facts are:
1. JL's career at RTZ was average at best with no future for advancement
2. JL was removed from the CEO position at Sappi
3. JL was removed from the CEO position at Nikanor.

Can JL ring up a company or government entity and ask them if they wish to sign an offtake agreement? Yes.

Can JL, based on history, bring Rossing South to production? No, based on his prior actions.

Can JL sell uranium into the Far East and Asia? Yes, he has done that before.

Does this mean JL is going to sell Extract to RTZ? Not necessarily, and didnt the board of Extract fire Peter McKintyre because he was a RTZ man? Isnt JL also an RTZ man? I would rather have Peter Mac than JL in the CEO position. NO ONE can argue that Peter Mac was doing a horrific job. Dattels and the gang fired Peter Mac because of his closeness to RTZ. And now a person with a VERY LARGE PAY PACKET, coming out of shareholders pockets, is being asked to complete something he has NO EXPERIENCE completing.

Now that people are selling, the share options of JL are struck at a lower price. $1.2m for someone that has ZERO track record on building a mine? Shareholders must be considered by the board to be incredibly stupid if the shareholders allow this to happen...."