Twitter: $AUC in trading halt. $EMR voluntary suspension extended . Tim Kestell link between the two .
Tim Kestel is a principal of Desertfox, a major shareholder of EMR. Currently around # 15 in the top 20.
The principals of Desertfox, Tim Kestel and Peter Pynes were also once directors of EMR, having bought up a enough shares from share holders, to own the shell of EMR, still owned by them.
New Board Announcement Aug 2014. "As part of the Board restructure, Mr Morgan Hart has been appointed as Managing Director of theCompany and Mr Peter Pynes and Mr Tim Kestell have resigned as directors effective immediately.Mr Mark Clements has been appointed Company Secretary following the resignation of Ms AmandaBurgess.Mr Lee thanked Mr Pynes, Mr Kestell and Mr Williams, as former Chairman, on behalf of the Boardfor their valuable contributions to the Company and said. “They have generated significantshareholder value and have now placed EMR in a strong position to fund future opportunities. Theyremain supportive shareholders as we continue to evaluate our strategy with respect to our coreoperating asset in Magoffin County, Kentucky and pursue and evaluate more significantopportunities in the energy and broader resources industry that have the potential to growshareholder value.”
Still there as part of Desertfox.
EMR Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
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