Thanks for this one @Joannie. I have taken some time to consider the report to ASIC. Although I have never been a Company Director, I am a graduate of the Australian Institute of Company Directors. I do recall the term "Fiduciary Duty". From the AICD - "The overriding duty of a fiduciary is the obligation of undivided loyalty. This obliges the director to act honestly, in good faith and to the best of his or her ability in the company's interests. A director must not allow conflicting interests or personal advantages to override the company's interests."
I have subsequently made a complaint to ASIC regarding what I believe to be a Conflict of Interest for Iain Smith. I cant see how someone with so much to gain, can act in the Company's best interest.
Despite all that, I continue to HOLD. The spud of Lockyer2 is not far away.
NWE Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
