I will judge this CEO's performance by year end and how we have moved with production plus how they do the Mongolian spin out.
Until then, despite the dilution, I would say on the positive side that he did not stick his head in the sand and took decisive action on the financial front.
I have seen several ASX listed mining entities in very strong seeming financial positions pre-production end up insolvent and with shareholders losing 95 percent plus of their wealth.
It's not as easy as it looks and I am very glad we are secure and debt free...
TPD Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held