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BargainSally

414 Posts.

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23/11/23

12:29

Post #: 71065730
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Originally posted by camban: ↑

My interest is piqued in the reasons behind this. It is a “with immediate effect” termination, and while there is the obligatory “thank you for your service” and “tireless efforts” cliche, the rest of the wording of the announcement leaves a big question mark. He was clearly asked to resign, not the other way around. And FRS is not at a strategic transition point e.g. from explorer to developer, so change of skill set requirements is not the impetus here. Regardless of share price decimation too, a listed company board will rarely exit a new MD without giving him at least a year in the role. Very curious indeed.

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Wonder if his name keeps popping up via industry whispers re: the FFX Commission, so they want to distance themselves.

(Obviously all in my own opinion)

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
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General discussion, page-9591

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