In the greater scheme of things, I’m not really into caring whether directors (publicly) or non-director management (quietly) buy shares in any company, or what they get paid. I only really care on what they deliver. Tom has delivered virtually nothing he said he would deliver, the exception being he drilled Shallow eventually despite his best efforts, then, as the late, great Murray Walker would have said, if he didn’t have bad luck, he would have no luck at all.
Tom needs to deliver the following on schedule or the board need to deliver someone who can:
- Complete the final Rafa detailed technical work stated in the last QR as still “underway and is expected to provide additional insights into the 3C resource volume upside”… this is the most immediate thing he can deliver and frankly, if he can’t do it this month and upgrade Rafa’s 3C back towards it’s original 1TCF then wot the actual TCF is he playing at?
- Get the Brave SA TOs out of bed and flog 2H off (Despite the recent strategy update, I really see no reason he still can’t sell a founding stake to some Woke Bloke Big Name then float it, dividending loyal BRU holders free shares for their unwavering support nurturing it through it’s infancy, but it seems doing what he said he would is too hard basket for Tom, so just get on with flogging it and make sure we get GHY hopium size $m dollars pouring into the BRU jam jar, not some pittance please Tom.)
- Sign Rafa Gas MOUs now that lead to binding offtake GSAs on schedule as per all the presos timeline
- Sign facility owner partner under tariff model (or any other solution that makes sense so nobody’s left guessing) and win NAIF grants as per the preso
- Above all, sign a Proper LT Partner who has no funding concerns and can free carry Rafa through to Phase 2. No school mates who need to borrow pocket money off their Mum need apply.
- Immediately announce 2025 Ungani Restart plan, detailing a new infinitely more profitable local sales path and/or export route, or flog 100% of it off without further procrastination.
- Flog Batman & Robin off then don’t look again in case they start mining a billion dollar Pb/Zn mine.
How hard can delivering even one of those things be, Tom?
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