I am in the same camp as you guys. DC should have been sacked and any gifted shares taken away (if thats possible). But the accountable one that most are forgetting is Alex Sundich. He was the chairman and was the only one able to act on behalf of the shareholders. He did nothing. Can't blame DC for not quitting and then accepting millions of shares in lieu of pay (he doesnt need cash lol) - of course not! Alex Sundich of Bridge Street Capital in Sydney.
Alex Sundich was a non-executive director at Eastern Star. DC was the MD at Eastern Star. Alex became Chairman of the Board at PRL after DC sold Eastern Star for close to a billion bucks. Wonder why Alex never fired DC? Join the dots.
Anyway thats the way the whole ASX works. This is the norm.
Look forward now, We are still involved in Uruguay, and thank god DC is not the operator anymore, but forget about Uruguay you'll feel better.
DC acquired/negotiated Spain. DC acquired Perth Basin. DC negotiated the RTO. Those 2 plays may make this new coy go back over 4c in 2019.
If DC gets rich off all those gifted shares so do we. I'm ok with that.
DYOR and all IMO
PRL Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
