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Ann: Leadership and Operations Transition, page-25

  1. 1,220 Posts.
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    More of the same isn't it? PH is still sucking on the teat with a nice non-exec job to keep him in pocket money. There's no detail beyond the can-kicking...

    The gold tailings are worth stuff-all as evidenced by the previous deal, which failed anyway despite it bringing very little value to POS. If I gaze into my crystal ball I reckon they'll be busy trying to sell Windarra just to keep the lights on.

    I'm shoving what I didn't manage to sell at 3c in the back of the drawer... Hopefully Craig will put a bit more focus on his "continuous disclosure" obligations than PH. Mr "It's all good, it's all good, it's all good... Oh whoops, it's actually really bad and everything we told you previously was borderline misleading."

    ...on another note (and I know I shouldn't encourage him, but I can't let this one slide):

    "My 2 year campaign to sack the CEO DHDH DLF FHFG has been 100% successful.
    Who is CRAP now PH?!" - TB


    Really?! PH has not been sacked, he's still on the payroll (for an as-yet undisclosed amount, but based on the other non-execs it'll be more than $75k) as to your "100% success" in the last 2 years PH has been paid well over $1m (his base salary in '22 was $500k, and that's excluding Super and "incentives"). During that same time period the share price has gone from ~10c to ~2c, an 80% loss.

    So PH has made well over a million, and you have lost 80% (maybe more if you bought on the way down - Hold Long Hold Strong!!), with that in mind, "Who is CRAP now TB?!"... The guy laughing his way to a cushy Non-exec role, or the one wondering where all his money went?





 
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