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04/09/24

10:43

Post #: 75521013
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Originally posted by RooBendigo: ↑

Well this has been coming for months, so they should have some plans ready to go. I hope so.

I was a bit surprised how modest their drilling plans have been to date, given their funding. Also they have been soliciting approaches from unfunded worthy projects, but they haven't taken on any. Not saying they should, just what was that all about?

One thought: now Luke Tomkin, with a history of aggressively challenging GMD for Leonora resources, is CEO of newly merged RED (soon to be Vault), the Mertondale ore might go to King of the Hills mill, not Mt. Morgans ... i.e. there could be two bidders if the drilling shows the resource is there. Monetising Mertondale would be a good move.

I guess the first thing will be to announce a CEO ... they have been kicking that can down the road long enough, they must have a preferred candidate.

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Hi Roo,

I know Delphi are the real directors, but surely management should have better incentives than owning 1% of the register

Any thoughts on the incentive between share price and management ownership.

PTN Price at posting: 5.2¢ Sentiment: None Disclosure: Not Held
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