This is a very positive news.
Frank is divided in his time as he is the current Executive Director, CFO and Company Secretary of Ora Gold.
That means he is doing 3 roles for a totally different company while only putting a 'left-over' effort as MGT's CFO & Secretary.Frank would have actually played a significant part in getting the the current PFS and DFS funded with $16m in net cash after the PFS.
So I think his effort is still to be commended but again, his time is divided and he was part of the old management.
The new management with Peter Schubert was able to fast forward the new PFS, got CSIRO on board, given government tenement and commencing the current DFS in a short period. Compare this to the old management that did a very poor effort on the old PFS and didn't anything after that.
Given the importance of rising the funding to move forward after DFS, MGT will need someone in full time capacity.
That means the management is really really serious in getting this project to work.
Ann: Change of Chief Financial Officer and Company Secretary Role, page-6
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