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Tom's departure may not necessarily be him being pushed ......

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perdant

4,649 Posts.

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05/10/22

16:49

Post #: 64045747
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Originally posted by jdpc35: ↑

Whilst I am sure this is disappointing for Tom, I also believe it is the right move. Tom's skills are not in developing an asset and this is clearly in the mind of the Board. As a Chair who has had to do the same in recognising that the incumbent does not has the depth of skills to take a company to the next level, I can sympathise with Tom and appreciate the Board's decision.

I trust that the Board has a solid interim plan to manage the transition and keep momentum during this period (Peter Cook is a safe pair of hands but will need support). In the medium term, we could see investor interest return to this stock in anticipation of a big push forward in 2023.

I also wonder to what extent there was pressure from the major shareholders to shake things up?

GLTA & DYOR

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Tom's departure may not necessarily be him being pushed ... health, family ... none of us are getting any younger ...
In any event, the 3X ann will be forthcoming. It will be a year before we see if any shares have been sold post resignation.
Perdy

EDIT: I also agree that Tom has done a great job over the last 7 years. Whilst he may not present so well, he has been methodical to the nth degree.

Last edited by perdant: 05/10/22

BRB Price at posting: 23.0¢ Sentiment: Hold Disclosure: Held
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